The Human Development Index - going beyond income
Janill Gilbert stashed this in Interesting
There is a nice index at the link, that I can not copy over.
4. United States
5. New Zealand
13. Hong Kong
Stashed in: The World
Each year since 1990 the Human Development Report has published the Human Development Index (HDI) which was introduced as an alternative to conventional measures of national development. The HDI represents a broader definition of well-being and provides a composite measure of three basic dimensions of human development: health, education and income. The latest HDI report is from 2011 with emphasis on Sustainability and Equity, titled: A Better Future for All. The three Human Development Indicators are: 1. Life Expectancy Index (LEI): Life expectancy at birth (in years); 2. Education Index (EI) Mean years of schooling (in years), and Expected years of schooling (in years), and 3. Income Index (II): Per capita income (PPP $). Below is the list of countries with a "Very High Human Development" including Barbados (rank 47), followed by three countries with "High Human Development".
Definitions:Human Development Index (HDI): A composite index measuring average achievement in three basic dimensions of human development-a long and healthy life, knowledge and a decent standard of living. Life expectancy at birth: Number of years a newborn infant could expect to live if prevailing patterns of age-specific mortality rates at the time of birth stay the same throughout the infant's life. Mean years of schooling: Average number of years of education received by people ages 25 and older, converted from education attainment levels using official durations of each level. Expected years of schooling: Number of years of schooling that a child of school entrance age can expect to receive if prevailing patterns of age-specific enrolment rates persist throughout the child's life. Gross national income (GNI) per capita: Aggregate income of an economy generated by its production and its ownership of factors of production, less the incomes paid for the use of factors of production owned by the rest of the world, converted to international dollars using purchasing power parity (PPP) rates, divided by midyear population. GNI per capita rank minus HDI rank: Difference in rankings by GNI per capita and by the HDI. A negative value means that the country is better ranked by GNI than by the HDI. Nonincome HDI: Value of the HDI computed from the life expectancy and education indicators only.
Looking at the top 6 -- Norway/Netherlands, Australia/New Zealand, USA/Canada -- it strikes me that geographically the most favorable countries are in close proximity to each other.