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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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A proposal for a modified Human Development Index

The Human Development Index (hdi) is an indicator designed to track the development of countries in respect of three dimensions of development: health, education and income. Since it was first published in 1990, great efforts have been made to improve hdi, which, as has been stressed on numerous occasions, cannot be seen as a definitive measure of development. This paper includes a reflection on what constitutes human development, the pillars underpinning it and two new dimensions that should be incorporated into hdi (employment and political freedoms) for it to better express progress in development. This document will also present, in addition to the modified hdi, detailed instructions for its calculation and an annex including modified hdi scores for 117 countries.

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