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The research aims to include good governance as a facet in the measurement of human development.

A modified Human Development Index (MHDI) was computed by including a governance dimension computed using the six governance indicators published by the World Bank. The rankings using the new index were obtained and compared to the rankings of the United Nations Development Programme's (UNDP's) HDI.

The rank correlation of the original and modified indices was very high, but there were many big rank changes for individual countries in each HDI group. These rank changes could be largely reconciled in the light of the rankings of these countries in the Corruption Perceptions Index and the Democracy Index.

The research considers the measurement of human development at a point in time alone and incorporates 2010 governance indicators into the 2011 HDI, which could lead to a discrepancy in time periods considered. Furthermore, the governance indicators are measures of perceptions which can be subjective. The Practical implications paper does not delve into the country-specific factors that may have caused big rank changes.

The paper builds a case for incorporating, or at least providing the option of including a governance dimension in the HDI.

The paper is a novel attempt to incorporate good governance as a dimension in the HDI. It reasserts the need for policy-makers and governments to realize that peoples' capabilities cannot be realized in the absence of good governance, and that whilst improving other facets of human development, much attention needs to be paid towards establishing good governance.

The human development index (HDI) and gender‐related development index (GDI) have become accepted as leading measures for ranking human well being in different countries. The purpose of this paper is to identify the planning policies that improve these indices and to also suggest modifications to the indices that yield more sensible policies.Design/methodology/approach – This paper solves the first‐best welfare problem in which the planner maximizes a development index subject to resource constraints.Findings – Planning strategies that maximize the HDI tend towards minimizing consumption and maximizing expenditures on education and health. Interestingly, such strategies also tend towards equitable allocations, even though inequality aversion is not modelled in the HDI. The paper shows that the GDI generates optimal plans with similar properties, and determine when the GDI and HDI generate consistent optimal plans. A problematic feature of the optimal plans is that the income component in the HDI (or GDI) does not play its intended role of securing resources for a decent standard of living. Rather, it acts to distort the allocation between health and education expenditure. The paper argues that it is better to drop income from the index. Alternatively, the paper considers net income, income net of education and health expenditures, as indicating capabilities not already reflected in the index. Finally, it compares how the modified indices and the HDI rank countries.Originality/value – The paper is believed to be the first to integrate development indices into national development planning.

It is widely recognised that the human development index (HDI) does not totally capture the rich content of the human development concept, necessitating a more adequate measure of human development. This paper introduces an ethics‐augmented human development index (E‐HDI) as a new indicator of socio‐economic change and development. The E‐HDI incorporates freedom, faith, environmental concerns and the institution of family in the HDI and ranks countries of the world accordingly. It is envisaged to be of practical use in national policy making and may also be related to agenda of the bilateral and international development agencies. Just as the HDI has managed to shift discussions beyond gross national product, the E‐HDI is expected to inject ethical concerns more explicitly into policy making in the contexts in which the human development reports are used.

Given the fact that the Islamic economic paradigm differs from the secular capitalist paradigm in terms of its emphasis on morality and spirituality, the author thinks that the current Human Development Index (HDI) does not capture human development from an Islamic perspective. The purpose of this paper is twofold: first, to provide a paradigmatic, theoretical, and conceptual model for the suggested Islamic HDI (iHDI) and second, to present several proxy variables for multi-dimensional iHDI and test the proposed index through empirical data for ten Muslim countries.

The author developed eight-dimensional composite iHDIs based on the understanding of human nature from the Tawhidi anthropology. These dimensions included physical, reasoning, spiritual, ethical, animal, social, deciding, and oppressive selves. The author measured them using nine different indices, three of which came from the conventional HDI (cHDI). The author then compared the rankings of those Muslim countries in iHDI to those in cHDI.

The iHDI rankings for all Muslim countries except two differed from those in cHDI. The difference was more substantial for countries with higher economic development. Thus, improved cHDI rankings for Muslim countries based on their economic development do not necessarily mean that they move toward ideal human development. This finding confirms the need for an alternative human development indexing approach from an Islamic perspective.

The paper is likely to initiate movement to develop an alternative HDI from Islamic perspective.

The paper findings have important policy implications for Muslim countries.

It is the first empirical paper showing how to develop an alternative HDI from an Islamic perspective.

The present research has been conceptualized to make an inter-district analysis in terms of IHDI of Uttar Pradesh. It aims to provide district-wise estimates of HDI and IHDI with the latest available data, which may prove to be a critical policy input to the policy makers that how different districts are performing in terms of education, health and standard of living parameters and help in implementing tailor made policy actions.

The paper utilizes the Census of India data and unit-level data of National Sample Survey (NSS) for constructing HDI and IHDI. The broad framework for computing IHDI in this study is similar to the approach of UNDP's HDR 2010. To adjust the inequality aspect, the Atkinson inequality aversion parameter has been estimated at indicator level on the basis of NSS unit record data.

The study reveals that inequality discounted income index is on an average 30 percent lower than unadjusted income index. However, quite high variation exists in case of education and health. The difference ranges from 30 percent to 40 percent in the case of education and from 3 to 36 percent in the health dimension. The surprising fact which study finds that health infrastructure and education infrastructure are poorly correlated with their respective outcomes.

The study offers a policy suggestion that increasing investment on educational and health infrastructure will not have any significant impact on their respective outcomes unless distributional inequalities are reduced. The study also suggests that rising income inequalities are threat to inclusive growth and sustainable development goals agenda. Thus, it recommends policy makers to take pro-active timely policy measures to reduce income inequalities. The educational achievement should be fixed in terms of average years of schooling and expected years of schooling rather than in terms of literacy rate.

The present research is an original work. This is the first study in the case of Uttar Pradesh which attempted to estimate district-wise IHDI following the internationally accepted UNDP (2010) methodology.

Previous studies have challenged the Human Development Index’s (HDI) ability to emulate the achievement of falāh (happiness). This paper aims to evaluate the role of religious values in establishing a positive link between the current measurement of development and falāh.

First, this study derives an improved value-loaded development measure from the concept of Maqasid al-Shari’ah (the higher objectives of Islamic law). Second, this paper compares the calculated Maqasid al-Shari’ah Index (MSI) with the HDI of some Organisation of Islamic Cooperation (OIC) countries by using the parametric pair difference z-test and t-test along with the non-parametric Wilcoxon signed-rank test. Finally, the relationship of both indices and the proxy of falāh are examined by using the ordinary least square and the generalised method of moments estimations.

As far as the religious-led development is concerned, the HDI underestimates OIC countries’ development progress. Here, the MSI can better embody the attainment of falāh than the HDI.

This study only covers limited OIC countries due to the data availability issue.

The cultural-based development stemming from the religious values proves useful for putting the government effort towards the attainment of the objective of human well-being in the right direction.

To the best of the authors’ knowledge, this is the first study examining the empirical relationship between the MSI and falāh.

This chapter discusses the positioning of Belarus in the international context of socioeconomic development based on an assessment of the country's dynamics in world rankings. The country's presence in the recognized world rankings and its holding high positions in them is an obvious advantage for achieving a favorable investment image. Ratings characterize the country's comparative position at the international level in a number of areas: from credit capacity to human capital development.

There has been analyzed the position of the Republic of Belarus in several recognized international comparisons, such as Human Development Index, Doing Business, ICT Development Index, Global Innovation Index, Sustainable Development Goals Index, Corruption Perceptions Index, Rule of Law Index, Worldwide Governance Indicators, and others.

However, Belarus is not yet participating in the international competitiveness assessment through such popular international ratings as Global Competitiveness Index and Global Entrepreneurship Monitor. The research findings show that the strongest aspects of the socioeconomic development of Belarus are in place due to the high educational level of the human capital development, gender equality, and the implementation of the UN sustainable development goals. The analysis also shows that the weaknesses of institutional environment and public administration do not enable the full implementation of the planned goals of socioeconomic development.

In the postglobalized world, information and communication technology (ICT) has been considered a key driver of human development. The world is reshaping from resource-based economy to knowledge-based economy after rapid growth of ICT. ICT can be considered as an umbrella that incorporates any communication device such as radio, television, cell phones, computer and network hardware, satellite systems etc., and also various services and appliance with them such as video conferencing and distance learning (Akarowhe, 2017). ICT is a technological system that is able to meet the gap of formal communication system and ultimately affects the level of standard of living. Human development can be defined as a process of enlarging people's freedoms and opportunities and improving their well-being. Whereas, human development index (HDI) is a statistical tool used to measure a country's human development based on the health of people, their level of education attainment, and level of income. The present chapter tries to find out the impact of ICT on human development for selected high HDI and medium HDI countries during the period 2001–2018. Applying panel data technique result shows that ICT has a positive and significant impact on human development.

Past research has identified a negative association between national income and female entrepreneurship rates. Data from Global Entrepreneurship Monitor (GEM) 2012 are analyzed to determine whether the Human Development Index (HDI) predicts female entrepreneurship rates. The purpose of this paper is to indicate how other socioeconomic variables that measure human development interact with national income to predict female entrepreneurship rates.

Data were drawn from the 2012 GEM data set, which provides information on female entrepreneurship rates in 61 countries. To test relevant hypotheses, dependent and socio-demographic variables were sourced from international databases to perform quantitative cross-country regression analyses.

National income significantly predicted female entrepreneurship rates in the univariate analysis. However, this relationship became non-significant when development indices were added to the model. In contrast, the HDI, the Gender Inequality Index, and national religious composition were robust, significant predictors.

This study presents evidence that human and gender development indices, and national religious composition, are better predictors of female entrepreneurship rates than national income. Thus, studies on female entrepreneurship rates should account and adjust for human development and gender equality indices. As religiosity continues to be pervasive within multiple nations, policymakers should consider this when developing interventions geared toward promoting female entrepreneurship.

This paper identifies factors other than economic determinism to explain variance in female entrepreneurship rates and demonstrates that human development and gender inequality indices are better predictors of female entrepreneurship rates.

With the aim of analysing the growth and developmental aspects of bank credit allocations in the selected countries, the primary requirements are to see the trends of the lead variables, credit, gross domestic product (GDP) and Human Development Index (HDI), and get ideas on the descriptive statistics. The present chapter has attempted to do all these primary analyses across the countries for the period of 1990–2019. The study observes that the levels of GDP have increased for all the countries throughout the entire period with some downhill breaks during the global financial crisis of 2007–2009. There are also similar types of upward trends in the credit delivery to the private sectors of the countries over time with some exceptions in the second phase (2001–2010) for Germany and the first phase (1990–2000) for Brazil. On the other hand, the HDI values for all the countries have improved over time in the entire period of time and the developing countries in the list have progressed more in all three indicators, GDP, credit and HDI, compared to that of the developed countries in the list. The correlation analysis of credit with GDP and HDI shows positive coefficients in many of the developed and developing countries which primarily justify the existence of strong linkages of their financial sectors with their real sector and overall development.