If Countries Are First Ranked by Level of Real GDP

question 23

Essay

If countries are first ranked by level of real GDP per capita,and then by the value of the Human Development Index,would you expect the ranking of countries to be similar or different? Explain.

---

Definitions:

Common Measures Bias

The distortion that arises when the same measurement instruments or approaches are used across different situations or contexts.

Balanced Scorecard

An approach to strategic planning and management that aligns operational activities with the organization's vision and strategy, improves communication across all levels, and evaluates the organization's success in reaching strategic goals.

Divisional Scorecard

A performance measurement tool used to assess and monitor the performance of individual business units or divisions within a larger organization.

Triple Bottom Line

A framework or theory that recommends that companies commit to focus on social and environmental concerns just as they do on profits.