For all the vast improvement it represents over GDP as a measure of the well-being of a country, HDI seems to suffer one of GDP's critical defects: it erases the often extreme differences in "texture" within a country.
Can a measure based on HDI and Gini be formulated such that overall human development for a country takes into consideration the level of inequality within that country.
Determining median income is hard enough for a country, I gather, so determining a "median HDI" would be unfeasible, right?
HDI/Gini must be far too simplistic to be a useful measure for anything, but something along those lines: Where even if HDI is very high in a country, if the Gini index is also very high, then that country is not doing as great as the HDI itself would indicate. Truth unfolds in time through a communal process.
Of course, by HDI/Gini I meant HDI ÷ Gini.
Again, no doubt too simplistic, but the point is to find some formula that takes advantage of the notion of human development, but modulates it by taking into account the level of inequality. Truth unfolds in time through a communal process.
