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- Report is released by the United Nations Development Programme (UNDP).
- Key Finding:
- Human Development Index (HDI): 2023 HDI stands at a new high following steep decline during 2020 and 2021 due to the COVID-19 pandemic.
- Divide in Recovery: Wealthy countries are showing signs of robust recovery, while the poorest are struggling.
- Mismanaged Interdependencies: Failure to properly manage interdependencies (between countries) has increased costs for human well-being.
- Due to mismanaged interdependencies issues like conflicts, persecution or human rights violations are rising.
- Rise in trend of Democracy paradox: It refers to unwavering support for democracy but increasing support for leaders who may undermine it.
- Key Recommendations:
- Discouraging political polarization through new governance approaches focused on enhancing people's voices in deliberation and tackling misinformation.
- Promoting digital global public goods, for greater equity in harnessing new technologies for equitable human development.
- Public goods are those that are available to all (“nonexcludable”) and that can be enjoyed over and over again by anyone without diminishing the benefits they deliver to others (“nonrival”).
- New financial mechanisms, along with international cooperation that complements humanitarian assistance and traditional development aid to low-income countries.
HDI Performance
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