The Impact of the 2008 Global Crisis on Human Development: An Examination of the Human Assets Index

Abstract

We examine the impact of the 2008 Global Crisis on 142 “Less-Developed” Countries as defined in Closset, Feindouno, and Goujon (2014). We look at the Human Assets Index (i.e. HAI), as well as each of its four components that include two health dimension indicators (i.e. the Undernourishment Index and the Under-five mortality index) and two education dimension indicators (i.e. the Adult Literacy Rate and the Secondary Enrollment Index). First, we look at how the index and each of its components have changed over the 1980-2011 period. We find that there has been a gradual improvement in all of the HAI indicators. Then, to examine the impact of the Global Crisis, we compare the three-year period just before the Global Crisis and the three-year period just after the Global Crisis. Our results show that, for the overall sample, the Global Crisis has not had a significant impact on any of the indicators. However, further examination reveals that the relatively developed countries within the sample have actually improved their HAIs after the crisis. Therefore, we conclude that crises tend to have different effects on a country’s development depending on how developed the country is before the crisis begins.

Authors and Affiliations

Halil D. Kaya

Keywords

Related Articles

Reader’s Theatre: To Enhance Reading Amongst Pre-School Readers

This article presents a study of the use of Reader’s Theatre in English lessons with groups of 5 year old preschool children. Reader’s Theatre has been implemented to investigate its effectiveness towards improving fluen...

Mobile Library Attraction to Rural Community: A Proposed Framework

Mobile library is not new to many researchers it is considered very essential to rural community. To be effective and reliable of mobile library, it is essential for the library to offer better services that will bring i...

Effects of Guidance Group Adjustment Career Thinking Modules (ACT) Based on the Theory of Cognitive Information Processing towards the Dysfunctional Career Thinking and the Vocational Situation of Form Four Students

This experimental study aimed to investigate the effects of the Small Guidance Groups (SGG) and Large Guidance Groups (LGG) Adjustment Career Thinking Module (ACT) oriented theory of Cognitive Processing of Information a...

An Empirical Analysis of Saving Behavior among Malaysian Employees

People were found to be more conscious on spending their money. Therefore, it is important to identify the savings behavior as people are more to spend rather than to save. Overspending can lead to various implications,...

Waqf Assets Management: Harnessing Tool for Muslims’ Welfare

This article discusses the potential of waqf in harnessing the Muslims’ welfare. A professional and effective administration of waqf is seen essential and regarded as a basic tool for a highly impact economic instrument...

Download PDF file
  • EP ID EP183889
  • DOI 10.6007/IJARBSS/v6-i2/2005
  • Views 111
  • Downloads 0

How To Cite

Halil D. Kaya (2016). The Impact of the 2008 Global Crisis on Human Development: An Examination of the Human Assets Index. International Journal of Academic Research in Business and Social Sciences, 6(2), 42-56. https://europub.co.uk/articles/-A-183889