Feb 23, 2011


What is Development?

  • Feb 23, 2011
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  • Are you sure that you know what “development” really means with respect to different countries? And can you determine which countries are more developed and which are less? 

    It is somewhat easier to say which countries are richer and which are poorer. But indicators of wealth, which reflect the quantity of resources available to a society, provide no information about the allocation of those resources—for instance, about more or less equitable distribution of income among social groups, about the shares of resources used to provide free health and education services, and about the effects of production and consumption on people’s environment.

    Thus it is no wonder that countries with similar average incomes can differ substantially when it comes to people’s quality of life: access to education and health care, employment opportunities, availability of clean air and safe drinking water, the threat of crime, and so on. With that in mind, how do we determine which countries are more developed and which are less developed?

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