The Human Development Index is a tool that was established by the United Nations to rank and measure countries’ stages of economic and social development. This is done in a way that is based on four criteria: GNI per capita, life expectancy, expected years of schooling and mean years of schooling. The HDI was created to highlight that the people and their capabilities also contribute on what kind of country it is and that economic growth is not the only indicator of a good country.
South Africa’s position in regards to the HDI indicators
South Africa, from 2013, stands at position #118 out of #187 countries and territories. South Africa’s Human Development value, as from 2013, is 0.658, which is in the medium human development category thus their position. With reference to the Human Development
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Firstly, it is a tourist attraction because of the history it holds (both apartheid and cradle of mankind) and it also has one-of-a-kind landscapes (Fynbos biome) that one cannot find anywhere else and yet the government is not taking the advantages to boost the economy and employment rates. They are also not realising the power of the resources S.A has. Most resources are being sold to high power countries like the United States for a low rate and if the government could reverse that and instead of just counting on one buyer, hold bids for the highest payer to get the resources. This will ensure that money gets into the country and works on making it better economically and also for the citizens instead of putting more money into the internationally owned companies. If the country were to get their priorities sorted, in another 20 years, or less, the country will be number 1 in Africa and could also one of the high development countries. The currency will also grow stronger and instead of $1 equalling to R13, we could have $1 equals to