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4 hrs confidence:  peer agreement (net): +1 | 人文发展指数,人类发展指数 Human Development Index (HDI)
Explanation: The Chinese sentence comes from the speech given by the 2001 Economics Nobel laureate Joseph E. Stiglitz at the founding ceremony of Hanqing Advanced Institute of Economics and Finance, Renmin University in Beijing on March 8, 2007, when he was appointed as Honorary Dean of the institute. It's a pity that the English original is nowhere to find. In the Chinese version of this speech, there must be a typo in 聯合國提倡的GDP衡量指標叫做人民衡量法, where 人民 should be 人文 corresponding to English "human". The sentence is logically incoherent, since HDI does not serve to measure the GDP level alone, but includes several basic aspects of people's well-being in a country: life expectancy, literacy, education, standard of living, and GDP per capita. It needs to be rephrased before being translated back into English.
http://finance.sina.com.cn/economist/jingjixueren/20070308/1...
斯蒂格利茨:中国经济增长需要全新策略
http://www.sina.com.cn 2007年03月08日 16:45 新浪财经
3月8日下午,“中国人民大学汉青高级经济与金融研究院揭牌典礼暨斯蒂格利茨名誉博士授予仪式”在逸夫会议中心报告厅隆重举行。
新浪财经讯 2001年诺贝尔经济学奖得主、著名经济学家斯蒂格利茨教授(简介)被授予中国人民大学名誉博士学位,并与中国人民大学校长纪宝成教授共同出任新成立的“汉青高级经济与金融研究院(简介)”名誉院长,他们一起为研究院成立揭牌。仪式结束后,斯蒂格利茨教授作了题为《中国新经济增长模型的制度框架》的学术报告。以下为斯蒂格利茨教授报告全文。
标准GDP的横行对社会福利的衡量是不准确的,它是重要的衡量,但过份强调GDP会忽略了其它的一些重要因素,所以越来越多的衡量方式要强调绿色GDP和中值的收入,GDP没有衡量收入的合理分配,比如在美国GDP一直在增长,但是它的中值收入实际上是在下降。现在联合国提倡的GDP衡量指标叫做人文衡量法,如果用新的这种指标衡量美国排在第十位,而北欧的一些国家排在最前列。
http://en.wikipedia.org/wiki/Human_Development_Index
The Human Development Index (HDI) is the normalized measure of life expectancy, literacy, education, standard of living, and GDP per capita for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to determine and indicate whether a country is a developed, developing, or underdeveloped country. It is also used to measure the impact of economic policies on quality of life.[1]
http://www.boingboing.net/2008/03/19/replace-gdp-with-som.ht...
Replace GDP with something that reflects real quality of life
WorldChanging has a great post on the move to replace GDP with a better metric -- one that better reflects human quality of life as opposed to mere economic activity. This has been underway since RFK excoriated GNP (GDP's predecessor) as "not allow[ing] for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials."
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GNI per capita, in purchasing power parity dollars, is a fairer measure than straight GDP, but you have to take into account access to water, human rights, environment, school enrollment and completion rates, maternal mortality, and multitudinous indicators of quality of life. The UNDP's Human Development Index comes close, but all these factors combine to form a big picture that simply can't be reduced to one number.
My job is typesetting books of these indicators. I read them every day. It doesn't take long to realize that while GDP (though PPP GNI is used more now) is just an economic indicator, the trends among all those other indicators are pretty much tracking it. Yes, the manufacturing dollars in China mask bad human rights and environmental indicators, but China (and India, and a few others) are gross outliers on a pretty clear curve.
| Huijun Suo China Local time: 19:36 Native speaker of: Chinese PRO pts in category: 8
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