One of the big problems with HDI is that it fails to consider inequality and non-income material conditions; a country with 1 person making 1B/y and 999 people living in abject poverty gets the same per capita GNI as a country of 1000 people making 1m/y who have free housing, transport, and healthcare.
The latter obviously has better conditions for more people.
One of the big problems with HDI is that it fails to consider inequality and non-income material conditions; a country with 1 person making 1B/y and 999 people living in abject poverty gets the same per capita GNI as a country of 1000 people making 1m/y who have free housing, transport, and healthcare.
The latter obviously has better conditions for more people.
I thought hdi did take into account using the median instead of the mean metrics, but I’m not super familiar with how hdi is calculated.
There is a IHDI (inequality-adjusted Human Development Index):