Preview

Problmes with Defining Development

Satisfactory Essays
Open Document
Open Document
427 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Problmes with Defining Development
Problems with defining development
Development is a complicated and a complex process driven by many variables including economic, political and social. Development cannot be simply defined as it changes with context; how it is defined changes within economic, social, cultural or even in a political context.
Economically, development is measured using G.N.P. and G.D.P.; development is measured on the base of wealth, standard of living etc. G.D.P. (Gross Domestic Product) is a measure of a countries economic performance. It is the market value of all goods and services produced within the boundaries of a country within a year. G.N.P. (Gross National Product) is the same as G.D.P. however it includes the "invisible" goods such as stocks and shares, capital generated from tourism etc.
Both are limited in terms of a measure of development because accurate data is hard to find, currency rates vary on a daily basis so it is difficult to put and accurate value on goods, subsistence industries and farming production do not enter the market economy and are therefore not measured, Per capita G.N.P. hides the internal distribution of wealth within a country; they are crude averages meaning they do not reflect the geographical inequalities in wealth within the countries borders.
The human development index (HDI) uses three development indices to assess development: real capita income, measures of adult literacy and life expectancy at birth. Countries are placed on a scale from 0 – 1; the nearer to 1 the more developed the country is. The HDI would be used as a social measure of development, but has its problems. Firstly they do not reflect inequalities in income distribution, there is no agreement over which social indicator to use, the rights of the people are not include such as lack of freedom of speech in dictatorships, is development not about inter-dependance between countries, how can this be measured?
The problem with defining development is that literally it is

You May Also Find These Documents Helpful

  • Good Essays

    Econ 4130 Review 1

    • 2562 Words
    • 11 Pages

    GDP per capita does not always translate as improvement of welfare because it does not capture all economically important activities. Illegal activities in black market are not reported for income…

    • 2562 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Eco 372 Week 5

    • 919 Words
    • 4 Pages

    First of all, Gross Domestic Product (GDP) is the representation of the total dollar value of all goods and services produced over a specific time period (Investopedia, 2012) This is the actual “size” of the economy.…

    • 919 Words
    • 4 Pages
    Better Essays
  • Good Essays

    A nation's collective well being can be related to its GDP. What we can consume is contained by what we can produce, so what a country consumes is going to be nearly identical to what it produces. Gross domestic product is adjusted for inflation, while nominal figures and wages have not. The GDP per capita is a nation's gross domestic product divided by its population. Countries must match production with the rate of the growing population.…

    • 648 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Development: Process of improving the material conditions of people through diffusion of knowledge and technology.…

    • 747 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Development is a change and implies that change is for the better, and improvement. Was traditionally a one dimensional concept simply focussing on the economic growth of a country, however today it is multidimensional, incorporating: economic, social, environmental, cultural and political progress in a country.…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Week 8 Assignment

    • 689 Words
    • 3 Pages

    Per Capita GDP is a typical way to measure the standard of living for any given area; it is also used as a better measurement of economic well-being; because it measures the average individuals’ national income against the national income. The per capita GDP provides a better determination of living standards as compared to the overall GDP. It is a more reliable measurement for determining the economic state of a nation based on an individual angle. In undeveloped nations because most of these nations have a slow GDP growth while their population growth is constantly rising higher than their GDP. This in-turn provides a low per capita GDP, therefore weakening their living standards.…

    • 689 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The most developed countries are usually considered to be the USA, Japan, the UK and Germany as they have the most advanced economies suggesting that if a nation is growing economically it is then therefore developing. However development can and should be defined as more than just in an economic sense. Development can be defined in an economic, social, l and sustainable sense.…

    • 463 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There are many examples that can describe how different aspects of development can affect one another. Most of the time one aspect will lead to another and for example playing hide – and - seek will require all of the areas of development.…

    • 931 Words
    • 4 Pages
    Good Essays
  • Good Essays

    China Globalization

    • 965 Words
    • 4 Pages

    Economic development differs from economic growth as it measures the humanitarian quality of life rather than just financial growth. Whereas economic growth is measured in GDP and import/export values, economic development is commonly measured in the Human Development Index (HDI); a United Nation rating that gives a country a score between 0 and 1 based upon factors including life expectancy, education and adult literacy, and purchasing power parity (PPP).…

    • 965 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Ancient Futures of Ladakh

    • 1333 Words
    • 6 Pages

    What is development? It can be defined as a specific state of growth or advancement. Helen Norberg-Hodge would view it as a western way of life, which brings forth destruction of family values and a change in the traditional way of life as seen in her documentary Ancient Futures: Learning from Ladakh.…

    • 1333 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Geography Exam Review

    • 4903 Words
    • 22 Pages

    Index that includes measures of health (life expectancy) , education, and wealth (GDP) to indicate a country’s level of human development…

    • 4903 Words
    • 22 Pages
    Better Essays
  • Powerful Essays

    A pertinent question in this regards is: how has India fared on HDI in the recent…

    • 3076 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    The meaning of development is measured by statistical analysis in a country with ; national income ,inflation ,unemployment rate, balance of payment ,life expectancy, the rate of literacy and such as more measurements in a actual country .Those measurements will show us how the countries are developing in the world , by the numbers of macroeconomic measures we will be able to understand how the countries are growing economically and how the macro economical growth rate is effecting actual countries social standards.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Economic development is a normative concept i.e. it applies in the context ofpeople's sense of morality (right and wrong, good and bad). The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem needs and freedom from oppression as well as a greater choice. The most accurate method of measuring development is theHuman Development Index which takes into account the literacy rates & life expectancy which affectproductivity and could lead to Economic Growth. It also leads to the creation of more opportunities in the sectors of education, healthcare, employment and the conservation of the environment.It implies an increase in the per capita income of every citizen.…

    • 1712 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Human Dev Index

    • 471 Words
    • 2 Pages

    The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices to rank countries into four tiers of human development.…

    • 471 Words
    • 2 Pages
    Good Essays