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Jamaica ranks high on human development index
Tuesday, November 22, 2011
JAMAICA is among 11 Caribbean Community (Caricom) states ranked as very high or high on the United Nations Development Programme’s (UNDP) Human Development Index (HDI) for 2011.
This was revealed by Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade Dr. Kenneth Baugh, as he addressed the opening ceremony for the 14th annual Conference of Presidents and Governors-General of Caricom yesterday.
He said that of the 14 Caribbean countries ranked, most were categorised as Upper Middle Income Developing countries by the World Bank, with per capita Gross National Income ranging between US$4,000 and $12,000 in 2010.
Jamaica was ranked seventh among the Caribbean countries and 79th in the world, in terms of economic and social development.
Dr Baugh noted however, that “while this classification reflects one measure of progress in relation to less advanced developing economies in Latin America, Asia, and Africa, it fails to take account of our peculiar vulnerabilities as small island developing states and disqualifies us from concessional financing and badly needed debt relief. Regrettably, we are victims of our own modest success”.
The HDI is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to distinguish whether a country is developed, developing or under-developed, and also to measure the impact of economic policies on quality of life.
Read more: http://www.jamaicaobserver.com/news/...#ixzz1eR4O21cn
Jamaica ranks high on human development index
Tuesday, November 22, 2011
JAMAICA is among 11 Caribbean Community (Caricom) states ranked as very high or high on the United Nations Development Programme’s (UNDP) Human Development Index (HDI) for 2011.
This was revealed by Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade Dr. Kenneth Baugh, as he addressed the opening ceremony for the 14th annual Conference of Presidents and Governors-General of Caricom yesterday.
He said that of the 14 Caribbean countries ranked, most were categorised as Upper Middle Income Developing countries by the World Bank, with per capita Gross National Income ranging between US$4,000 and $12,000 in 2010.
Jamaica was ranked seventh among the Caribbean countries and 79th in the world, in terms of economic and social development.
Dr Baugh noted however, that “while this classification reflects one measure of progress in relation to less advanced developing economies in Latin America, Asia, and Africa, it fails to take account of our peculiar vulnerabilities as small island developing states and disqualifies us from concessional financing and badly needed debt relief. Regrettably, we are victims of our own modest success”.
The HDI is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to distinguish whether a country is developed, developing or under-developed, and also to measure the impact of economic policies on quality of life.
Read more: http://www.jamaicaobserver.com/news/...#ixzz1eR4O21cn
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