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– The research aims to include good governance as a facet in the measurement of human development.
Abstract
Purpose
The research aims to include good governance as a facet in the measurement of human development.
Design/methodology/approach
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.
Findings
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.
Research limitations/implications
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.
Practical implications
The paper builds a case for incorporating, or at least providing the option of including a governance dimension in the HDI.
Originality/value
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.
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Attempts to present a commentary on a few recent attempts atconstructing a composite index of human development, and in the processbriefly traces the trends in thinking that show…
Abstract
Attempts to present a commentary on a few recent attempts at constructing a composite index of human development, and in the process briefly traces the trends in thinking that show marked shifts from economic growth to social development and to further human development. Shows that national income still remains an important indicator of overall development, and further, that various methodologies of compositing several indicators of development into one index produced broadly similar rank ordering of the nations.
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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…
Abstract
Purpose
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.
Design/methodology/approach
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.
Findings
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.
Research limitations/implications
The paper is likely to initiate movement to develop an alternative HDI from Islamic perspective.
Practical implications
The paper findings have important policy implications for Muslim countries.
Originality/value
It is the first empirical paper showing how to develop an alternative HDI from an Islamic perspective.
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Abouzar Zangoueinezhad and Asghar Moshabaki
Human development is the most modern development approach. However, the proposed human development indexes for implementation of Islamic human resource management (HRM) do not…
Abstract
Purpose
Human development is the most modern development approach. However, the proposed human development indexes for implementation of Islamic human resource management (HRM) do not suffice to realize the Islamic developed society. The purpose of this paper is to investigate the economic‐managerial indexes of human development based on HRM from the viewpoint of Islam and The Quran.
Design/methodology/approach
This paper applies the hermeneutic method and considers the question: “what are the proper human resource (HR) economic‐managerial indexes from the viewpoint of Islam?”.
Findings
Referring to the Islamic development basics and goals, it analyzes economic interaction among Muslim activists in an objective situation of the human development from the viewpoint of Islam and finally, it proposes human development economic‐managerial indexes among other required indexes, through planning an acceptable economic quasi‐system.
Originality/value
In the Islamic approach, human development occurs when a person's capacities improve so that he/she becomes able to manage internal and external contradictions and conflicts; and steps forward in the route of the faith and the righteous deed and in the space of the widespread justice to reach the God proximity and to replace the natural life by the Hayat‐e‐Tayyebeh.
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Nina Bohdan and Veronika Garkavaya
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…
Abstract
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.
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Desi Peneva and Rati Ram
The purpose of this research is to study the relation between “restrictiveness” of a country's trade policy and its socio‐economic well‐being as reflected in the indicators of…
Abstract
Purpose
The purpose of this research is to study the relation between “restrictiveness” of a country's trade policy and its socio‐economic well‐being as reflected in the indicators of human development.
Design/methodology/approach
A recently‐developed trade‐restrictiveness‐index (TRI), which seems superior to almost all existing indexes of trade policy or “outward orientation”, is related with infant‐mortality, child‐mortality, maternal‐mortality, access to safe water, access to basic sanitation, and secondary‐school enrollment, which are well‐known and important measures of a country's human development and are closely related to several Millennium Development Goals. In addition to a consideration of the covariation between TRI and the six human‐development measures, estimates from parsimonious regression models are studied. Sensitivity checks are conducted by considering covariations and regression estimates for another trade‐policy index and different country groups.
Findings
The evidence overwhelmingly shows that, contrary to the position shared and disseminated widely, there is no indication that a more restrictive international trade policy has a significant negative association with human development or socio‐economic well‐being. Every correlation between trade restrictiveness index and human‐development measures is close to zero. Almost every regression coefficient of trade‐restrictiveness‐index lacks statistical significance at any meaningful level, and a consistent pattern is noted across two measures of trade policy and different country groups.
Social implications
The evidence suggests much caution in the articulation and dissemination of the widely‐shared view that a more restrictive trade policy is detrimental to a country's socio‐economic well‐being. In particular, it implies that international organizations and developed‐country governments may not force developing‐country governments to adopt more “outward‐oriented” trade policies, but may let them choose the trade‐policy stance they find appropriate for their country. The estimates also reinforce the view that great care be exercised by scholars in the choice of trade‐openness measures for studying the relation between trade policy and economic well‐being.
Originality/value
In the vast literature on the nexus between trade policy and economic well‐being, this is probably the only study that relates six important measures of human development with what seems to be the best available index of restrictiveness of a country's trade policy. Therefore, the research, which is based on a fairly large cross‐country sample, may be deemed as highly significant on a topic of much scientific and policy relevance.
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Maria Aristizabal-Ramirez and Gustavo Canavire-Bacarreza
Development is a dynamic concept that pertains the evolution of human societies. Over the past few years policy makers, as well as academics, have incorporated a very important…
Abstract
Purpose
Development is a dynamic concept that pertains the evolution of human societies. Over the past few years policy makers, as well as academics, have incorporated a very important, yet sometimes neglected, component in the concept of development which is environmental costs and sustainability. One of the key aspects that affects sustainability is energetic consumption, therefore our aim is to determine if changes in oil, coal, and gas, prices during the period 2000–2010 influenced sustainable development.
Methodology/approach
We modified the Human Development Index (HDI) by adding energy consumption component, and propose what we call the Modified Human Sustainable Development Index (HSDI) which captures a broader definition of sustainable development. Then we employ econometric techniques to study the effects of changes in commodity prices on our index in the short run.
Findings
Our results show a nonlinear effect of commodity prices on our index, low and middle-income countries display a positive effect of prices on our HSDI, with smaller effects in the former ones, while high-income countries do not seem to exhibit a significant effect. While low and middle-income countries are typically commodity producers.
Middle-income countries are able to obtain larger benefits in terms of sustainable development due to a better institutional structure which constitutes an opportunity for them in the aftermath of the crisis.
Practical implications
Middle- and low-income countries should design policies that enable them to take advantage of the rises and protect their economies from the falls.
Originality/value
We address the problem of sustainable development and commodity prices in a post-crisi world, which was not reviewed in the literature. In addition we build a measurement of the Human Sustainable Development Index that considers energy consumption as one of its factors. Which is in line with previous results about energy consumption and the Human Development Index.
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