Growth and welfare must go hand-in-hand; growth per se does not solve the poverty problem. What does this statement mean for Zambia? Discuss.

The first 200 words of this essay...

NATIONAL INSTITUTE FOR PUBLIC ADMINSTRATION, NIPA

Lusaka, Zambia

In submission for the partial completion of the

Post-Graduate Diploma in Management Studies for NIPA

NAME: Paddy Siyanga

CLASS: Diploma in Management Studies (Semester III)

SUBJECT: Development Administration

DUE DATE: 5 May 2003

ASSIGNMENT ESSAY

Growth and welfare must go hand-in-hand; growth per se does not solve the poverty problem. What does this statement mean for Zambia? Discuss.

INTRODUCTION

According to World Development Indicators report 2002 of the World Bank, growth refers to the economic enhancement of a nation with regards to the size of its economy. Population, land area, income and output are the basic measures of a size of the economy. They provide a broad indication of actual and potential resources. Therefore, population, land area, income - as measured by Gross National Income (GNI) - and output - as measured by Gross National Product (GDP) - are used in most development indicators to normalise other indicators.

Economic growth rate is the pace at which economic growth increases during a given interval. The quantities most commonly used to measure economic growth rate are Gross National Product (GNP)