At least in principle these dimensions should be

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: dentified the following key dimensions that should be taken into account. At least in principle, these dimensions should be considered simultaneously: i. Material living standards (income, consumption and wealth); ii. Health; iii. Education; iv. Personal activities including work v. Political voice and governance; vi. Social connections and relationships; vii. Environment (present and future conditions); viii. Insecurity, of an economic as well as a physical nature. All these dimensions shape people’s well-being, and yet many of them are missed by conventional income measures.” Several measurement indicators are used to measure human wellbeing and happiness. The Genuine Progress Indicator (GPI), which replaced the Index of Sustainable Economic Welfare (ISEW), measures “the sustainability of income and the socioeconomic wellbeing of a nation” ii. The Human Development Index (HDI), developed by the United Nations Development Program (UNDP), is the most widely used measure of wellbeing in a country iii. It takes into accou...
View Full Document

This note was uploaded on 01/08/2014 for the course SUST 510 taught by Professor Marker during the Fall '14 term at Black Hills State University.

Ask a homework question - tutors are online