2022, VOL. 8 ISSUE 3, PART E
The HDI is a summary measure for assessing long-term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.
National Wealth has the potential to expand people’s choice. However, it may not. The manner in which countries spend their wealth, not the wealth itself, is decisive. Moreover, an excessive obsession with the creation of material wealth cans obscured the ultimate objective of enriching human lives.