Abstract

Mounting concern regarding inadequacies of per capita GDP or GNI as a source of nation wellbeing classification and comparison lead to the employment of multidimensional approaches with attendant concerns regarding their arbitrary and complex nature. Here, based upon commonalities in multidimensional behavior of nations, feasible, less arbitrary, classification methodologies and techniques for assessing wellbeing within and between groups are proposed. Implementation in a three dimensional study of 164 countries from 1990 to 2014 in a Human Development Index (HDI) framework reveals substantive multi-dimensional growth in a slowly evolving, relatively immobile three group world exhibiting simultaneous increases in equality and polarization with a growing Lower HD class and shrinking Middle and High HD classes.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.