Browsing: Post-pandemic era

In a 2019 Human Development Index1 (HDI) issued by the UNDP, countries with low human development include Liberia, Guinea Bissau, Sudan, Niger, Nigeria, Mauritania, Lesotho, Senegal, Togo etc. The Human Development Index is measured through three dimensions: long and healthy life, access to knowledge and decent standard of living. The major importance of the HDI is to enable countries to calculate the overall level of development and what sectors in the economy need more funding and attention. What this means is that countries with low HDI tend to suffer with high rate of unemployment, low Foreign Direct Investments (FDI), high mortality rate, poor infrastructures and so on. The key importance of the HDI is to drive economic diversification and economic growth. Beyond economic growth, it is also important to adopt development strategies that would solve the issue of social needs and increase inflow of investments.  

A major reason …