Measuring development using economic indicators is no longer a real indicator of development. Discuss.

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Measuring development using economic indicators is no longer a real indicator of development. Discuss. Lester Griffiths U6LB There are a number of indicators which can be used to highlight to what extent a country has achieved development, and these indicators are grouped into, social, political, economic and environmental. Every indicator has its strengths and weaknesses in truly evaluating the level of development of a specific country. The economic indicators which are most frequently used are Gross Domestic Profit (GDP), Gross Domestic Profit per capita (GNP per capita) however there are less well used indicators such as number of vehicles owned per person, and Percentage of population working in agriculture, all of which can provide a reasonable image of the country’s finances and what status of wealth its residents are in. Economic
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indicators certainly have a number of strengths in evaluating the development of a country. Ultimately development cannot take place without money to invest in education, improved healthcare and housing and improved sanitation, and if the funds to achieve advancements in these sectors are not available ultimately development is itself inhibited.  Ultimately there is a correlation between the economic prosperity of a country and its development in social and environmental factors, and even political. For example Kenya has a GDP of $60.9 billion dollars with a GNP per capita of $1580, making it among the poorest countries in the world. This ...

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