Question: 1) What do you understand as the most important difference between economic growth and economic development? 2) Come up with your own definition of economic

1) What do you understand as the most important difference between economic growth and economic development?

2) Come up with yourowndefinition of economic development. How should it be measured? How would this compare with theUnited Nations Development Program's definitions and measures in itsHuman Development Reports?

Additionally, choose a country of interest to you anddiscuss(in 300-500 wo) how your definition of development could be applied to this country (e.g. identifying the most important areas in which the country needs improvement whether it be in terms of poverty, safety, education, etc.).

United Nations info for question 2 and Human Developments Reports for question 2:

https://www.undp.org/content/undp/en/home/

http://hdr.undp.org

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!