Monday, July 28, 2014

The 2014 Human Development Index

The World Bank has released its 2014 Human Development Index. Australia ranks second behind Norway. Just imagine if we increased the level of taxation on our 80 foreign owned resource sector and redistributed some of the profits, how well we might do.

The HDI attempts to provide a broader measure of progress than GDP by including life expectancy, literacy, education and GDP per capita.  For a range of ways to measure economies see How Big, How Rich and How Developed? The State of Play in the World Economy

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