Development and Human Development Index
In daily language, in newspapers and in blogs, and even in academic writing, there is a tendency to equate “development” with “economic growth”.
In daily language, in newspapers and in blogs, and even in academic writing, there is a tendency to equate “development” with “economic growth”.
Earlier, in studying the aspects of income distribution, we have looked at income distribution across deciles and the difference between average and median household income. But one of the most frequently referred to incidators of income distribution is the Gini coefficient.
There are many ways to gauge income inequality in a country. If one way is to divide the population into percentiles according to their income, another is to follow statistics such as Gini coefficient.
Occupy Movement that emerged in the US in 2011 created a significant debate.