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Ecological economics

The Human Development Index (HDI) is the normalized measure of life expectancyeducation and per capita income for countries worldwide. It is an improved standard means of measuring well-being, especially child welfare and thus human development.[20] Although this index makes an effort to simplify human development, it is much more complex than any index or set of indicators.[3]

The 2007 report showed a small increase in world HDI in comparison with the previous year’s report. This rise was fueled by a general improvement in the developing world, especially of the least developed countries group. This marked improvement at the bottom was offset with a decrease in HDI of high income countries.