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About Us

OCTOBER

12

2018

    ECONOMY

    Global Hunger Index

    News: 1 in 5 indian child wasted, says GHI.
    Source: The Hindu

    The Global Hunger Index (GHI) is a tool designed to comprehensively measure and track hunger at global, regional, and national levels.

    GHI scores are calculated each year to assess progress and setbacks in combating hunger. The GHI is designed to raise awareness and understanding of the struggle against hunger, provide a way to compare levels of hunger between countries and regions, and call attention to those areas of the world where hunger levels are highest and where the need for additional efforts to eliminate hunger is greatest.

    Measuring hunger is complicated. To use the GHI information most effectively, it helps to understand how the GHI scores are calculated and what they can and cannot tell us.

    Human Capital Index

    News: World Bank’s Human Capital Index released.
    Source: PIB

    As part of this report, the World Bank has launched a Human Capital Project (HCP).

    The HCP programme is claimed to be a program of advocacy, measurement, and analytical work to raise awareness and increase demand for interventions to build human capital. There are three components of HCP- a cross-country human capital measurement metric called the Human Capital Index (HCI), a programme of measurement and research to inform policy action, and a programme of support for country strategies to accelerate investment in human capital.

    The HCI has been constructed for 157 countries. It claims to seek to measure the amount of human capital that a child born today can expect to attain by age 18. The HCI index values are contended to convey the productivity of the next generation of workers, compared to a benchmark of complete standard education and full health.

    The HCI has three components:

    (i) Survival, as measured by under-5 mortality rates;

    (ii) Expected years of Quality-Adjusted School which combines information on the quantity and quality of education (quality is measured by harmonizing test scores from major international student achievement testing programs and quantity from number of years of school that a child can expect to obtain by age 18 given the prevailing pattern of enrolment rates across grades in respective countries); and

    (iii) Health environment using two proxies of (a) adult survival rates and (b) the rate of stunting for children under age 5.

    UNDP constructs Human Development Index (HDI) for several years. The HCI uses survival rates and stunting rate instead of life expectancy as measure of health, and quality-adjusted learning instead of merely years of schooling as measure of education. HCI also excludes per capita income whereas the HDI uses it.

    Two significant changes from HDI are exclusion of income component and introduction of quality adjustment in learning. Exclusion of income element and introduction of quality adjustment makes HCI far less representative of Human Capital Development than the Index claims it to be.