What are the Most Useful Indicators of Development?
You need to use a range of economic and social indicators to get a full picture of how developed a country is….
Assess the View that Economic Indicators Provide an Unsatisfactory Picture of Development
Economic definitions and ways of measuring development are unsatisfactory. A much clearer and more useful picture emerges when wider social factors are included.’ Assess this view of development and underdevelopment. (20) International organizations such as the World Bank prefer to measure development using economic indicators such as Gross National Product (GNP) and Gross Domestic Product […]
Equatorial Guinea – High Income but Low Human Development (2017)
Since the 1990s, Equatorial Guinea has become one of the largest oil producing countries in Sub-Saharan Africa, and it is now the richest country per capita in Africa. It ranks 43rd in the world for gross domestic product per capita. However, the oil revenue is distributed very unequally and most people see no benefit from […]