Thursday, 16 October 2014
What is development?
Development is a movement
within a country which involves growth; this can be seen economically, through
GDP, through mortality rates and so on. The improvement in the standards of
living in a country can be a clear indication of development. Norway in considered
the most developed country. It has an HDI of 0.944. The Norwegian economy is
mainly reliant on natural resources (oil and gas), also the exports made by the
nation. Norway also has low mortality rates with a life expectancy of 80.57.
This could be connected to the strong intergraded welfare system and high
standards of living. Development constitutes technology, and infrastructural advancement.
There is a common debate on which criteria is the most appropriate to rank a
countries development gross domestic product (GDP), level of industrialization,
standard of living and literacy level, per capita income, life expectancy. However,
in the case of Saudi Arabian GDP, the country is ranked 19th in the
world, yet 20% of the country live in poverty. Therefore GDP is not an accurate
source of development in this case. The Marshall Plan is a good example of
development being enforced, when America gave $17 billion in aid to Europe
after World War II, which resulted in a rise in their gross national products
of 15 to 25%.
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