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Measuring development and well-being of countries - a comparative approach

  • In order to address the many challenges that the global population is currently facing, effective policies and therefore effective measurement concepts of development are necessary. However, disagreement regarding the methods to create and implement measurement concepts prevails. Furthermore, the abundance of development indicators makes it difficult to keep a clear overview of available measurement options. Therefore, this study clarifies the current status of the discussion regarding development. It also provides a comprehensible summary of the criteria that a valid development indicator should fulfill as well as a clearly structured overview of the most important development measures – divided into single and composite measures, then further broken down according to whether the components are aggregated and whether they are weighted. To make the results more tangible, this study assesses the Human Development Index and the World Happiness Report in greater detail and applies both to Germany and Bhutan. This is concluded by a set of general recommendations regarding the sensible application of development indicators.

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Metadaten
Author:Alannah MacDiarmid
Advisor:Frank Kramer
Document Type:Bachelor Thesis
Language:English
Year of Completion:2018
Granting Institution:Hochschule Furtwangen
Release Date:2019/03/19
Tag:Development; Human development index; Measurement; Well-being; World happiness report
Page Number:97
Degree Program:IBM - International Business Management
Functional area:Economics
Licence (German):License LogoUrheberrechtlich geschützt