Economic Development Indices Questions Medium
The Gender Development Index (GDI) is calculated by taking into account three key dimensions: health, education, and income.
Firstly, in terms of health, the GDI measures the female-to-male ratio of life expectancy at birth. This ratio reflects the differences in health outcomes between males and females within a country.
Secondly, in terms of education, the GDI considers the female-to-male ratio of expected years of schooling for children. This ratio indicates the level of gender parity in access to education and the expected duration of schooling for both genders.
Lastly, in terms of income, the GDI examines the female-to-male ratio of estimated earned income. This ratio reflects the differences in income levels between males and females within a country.
To calculate the GDI, each of these three dimensions is given equal weight and then combined into a single index. The index ranges from 0 to 1, with 1 indicating perfect gender equality and 0 indicating complete gender inequality.
By calculating the GDI, policymakers and researchers can assess the level of gender development within a country and identify areas where gender disparities exist. This information can then be used to formulate policies and interventions aimed at promoting gender equality and inclusive economic development.