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Indicators Of Economic Development

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Deighton Gooden
Deighton Gooden

Economic growth measures the value of goods and services produced, but does not account for how wealth is distributed or people's well-being. Economic development aims to measure human welfare more directly by considering factors like poverty, political freedoms, education, health, and standard of living. However, development is a complex, subjective concept that can be defined and measured in different ways. The Human Development Index tries to capture multiple dimensions of welfare, but other aspects may also be relevant for understanding development.

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Indicators of Economic Development
Indicators of Economic Development
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Economic Growth ,[object Object],[object Object],But this could be just around the corner! Copyright: chinagrove, http://www.sxc.hu This might be a common picture…… Copyright: unseenob, http://www.sxc.hu
Growth
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Economic Growth ,[object Object],Shopping Mall in Saudi Arabia Copyright : Christo Pacheco, http://www.sxc.hu Dubai Skyline Copyright: zchizzerz, http://www.sxc.hu
National Income – Problems with using GDP/GNP ,[object Object],[object Object],[object Object],[object Object]
National Income – Problems with using GDP/GNP ,[object Object],[object Object],[object Object],[object Object],[object Object]
National Income – Problems with using GDP/GNP ,[object Object],[object Object],[object Object],[object Object],It might not be pleasant, but what he finds among the refuse could be all he has. Title: Sierra Leone Liberia. Copyright: Photolibrary Group
Development
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Development ,[object Object],[object Object],[object Object],[object Object],[object Object],Our definitions of progress may be highly subjective. What has progress brought to native tribes people across the globe? Title: Navajos refuse casino riches. Copyright: Stock.Xchng
What is Poverty? ,[object Object],Romanian gypsies – is this man living in poverty? Copyright: ghitulescu radu, http://www.sxc.hu Or is this villager in rural China? Copyright: Mark Forman, http://www.sxc.hu
Development ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Development ,[object Object],Copyright: Photolibrary Group
Human Development Index
Human Development Index (HDI) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Other Measures?
Other Measures? ,[object Object]
 

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Indicators Of Economic Development