Why the Range of Indicators Used to Measure Development...

Why the Range of Indicators Used to Measure Development Has Increased in Recent Years Essentially the ideology of development was based on a countries GNP this was down to Rostow’s Model; therefore the only indicator of development was a countries economy. The ideologies have changed and now there are a range of indicators that are used to classify a countries development such as social, demographic, hence including quality of life this gives the ideology of development a more multi dimensional view thus a better understand of what a developed country is. There are three categories that are used to measure development they are economic, social and demographic. Some economic factors used to†¦show more content†¦Other limitations in using GNP is that it needs to measure by a currency and with currencies always changing figures can become less accurate. Also in LEDC’s figures are less accurate and a lot of business is done within the informal sector thus leaving GNP figures very unreliable. It also does not take into account the cost of living is different depending on countries for example 10 dollars in and LEDC will buy a person a lot more than what it would buy you in America. GNP’s frequent use suggest that development is only based on a countries wealth, where as this not true because development is multi dimensional process. The other economic factors such as better transport link and energy consumption tie in well with GNP and make using a countries economy more useful in considering if a country is devel oped or not. Some social indictors of development include the adult literacy rate, incidence of doctors and access to a clean water supply. Adult literacy rates are good measure of development because it shows the countries population who have access to education, with people able to communicate in other ways rather than word of mouth enhances the chance of employment. Also one can compare the literacy rates between male and female if they are more men able to read and write it suggest that women do noShow MoreRelatedThe Federal Open Market Committee1571 Words   |  7 Pagesand contribute to the assessment of the policy options and economy. The Federal Open Market Committee schedules a meeting about every six weeks or so, which comes to around eight meetings per year. The Committee may also hold unscheduled meetings as necessary to review economic and financial developments. The FOMC issues a policy statement following each regular meeting. This policy statement summarizes the policy decision at that meeting and the Committee s outlook on the economy. The ChairmanRead MoreHow Much Does The Middle Class Shrink1517 Words   |  7 Pages A relatively large size of the middle class is the guarantee of a healthy and balanced economy. Many researchers observe more and more polarized economy in United States. To measure how much does the middle class shrink and what changes in their spending pattern, I may find in what aspects do they shrink and why. Based on analysis of data mainly from US Census Bureau and Labor Statistics, I examine the status quo of middle class by analyzing real median household income, polarization , incomeRead MoreBuzz Essay1674 Words   |  7 Pagescase of Omega Supermarkets Background Omega is a successful company and one of the largest supermarket chains in the UK, employing a large number of staff in stores across the country. Although the industry has seen very little growth in recent years, Omega has successfully increased its market share through a policy of lowering prices (the company claims to have reduced prices by 7.5 per cent between 2004-2009) and improving customer service. It currently holds a dominant share of the UK marketRead MoreLead Poisoning in Children1390 Words   |  6 PagesIntroduction Lead, a naturally occurring metal and can be used in almost everything. It can cause serious health issues if it is exposed for a long time, particularly in children as they are more susceptible to absorbing and retaining lead in their bodies. Each year, in the United States 310,000 of 1- to 5-year age group are found to have unsafe levels of lead in their blood, which can cause a wide range of symptoms. (1) In the united states, Lead poisoning seems to be one of the most commonRead MoreUnited States Department Of Agriculture1732 Words   |  7 PagesIntroduction According to a survey done by USDA (United States Department of Agriculture), it was found out that in America the average daily calorie intake per person is 2700 which has increased by 24.5 percent or about 530 calories between 1970 and 2000 [usda.gov]. This is a reflection of the growing demand in the food industry in the last decade. To cater to such high demand is particularly very challenging especially with the growing consumption rate. According to another survey done by theRead MoreThe Impact of Accounting Systems on Project Funds Absorption Capacity, Case Study of Agricultural Research Projects in Rwanda9802 Words   |  40 Pagessupervision of Prof Eno L. Inanga ABSTRACT The absorption capacity is one of key indicators on which financing agencies base the allocation of financial resources to sponsored projects, and should hence be closely monitored. Its level was reported to be low in developing countries, according to studies conducted by the World Bank, the OECD and ODI. However these studies focused on macroeconomic indicators and less on developing measurements of institutional funds absorption capacity, as pointedRead MoreCompanys Business Activities ( Navitas Limited ( Nvt )1685 Words   |  7 PagesCompany’s business activities Navitas Limited(NVT) is a reputable education provider that operates a range of educational services including University Programs, SAE, Professional and English Programs for students, professionals and migrants from all over the world. University Programs division enables the international students with language problems or unsatisfied academic records, which are not eligible for direct entry to universities, to get into ‘partner’ universities. SAE offers higher educationRead MoreThe Impact of Accounting Systems on Project Funds Absorption Capacity, Case Study of Agricultural Research Projects in Rwanda9796 Words   |  40 Pagesthe supervision of Prof Eno L. Inanga ABSTRACT The absorption capacity is one of key indicators on which financing agencies base the allocation of financial resources to sponsored projects, and should hence be closely monitored. Its level was reported to be low in developing countries, according to studies conducted by the World Bank, the OECD and ODI. However these studies focused on macroeconomic indicators and less on developing measurements of institutional funds absorption capacity, as pointedRead More Financial Ratios for Dell Inc. Essay4757 Words   |  20 PagesFinancial Ratios for Dell Inc. Team D selected Dell Inc. as our company for the team project. Why was Dell chosen? Dell Inc. with annual revenue of $41.4 billion, is a premier provider of computing products and services. Because of its direct business model, Dell was the leading seller of computer systems worldwide and the number one seller in our customer segments in the United States during calendar year 2003. Michael Dell founded the company in 1984 on a simple concept of selling computer systemsRead MoreLimitation of National Income4235 Words   |  17 Pages INTRODUCTION Defining and measuring the standard of living The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real national output per head of population or real GDP per capita. This is the value of national output divided by the resident population. Other things being equal, a sustained increase in real GDP increases a nation’s standard of living providing that output rises faster than the total population