International Review (Jan 2022)
Human development index of the Balkan national economies
Abstract
The goal of human development is to create conditions for the realization of the potential of all people and the expansion of choices for current and future generations. Human development is the process of increasing human values, through the expansion of human choices and the level of well-being achieved. The human development approach places the individual at the center of research, taking into account the personal elements that are relevant to each individual. There is a strong connection between the level of human development and economic growth because economic growth expands the material basis for meeting human needs. As a multidimensional concept, human development should not be equated with economic growth, because economic growth does not represent a guarantee of the socio-economic well-being of the entire society. Economic growth encourages human development in all its dimensions, that is it generates full employment, promotes human freedoms, and evenly distributes the benefits of future human development.
