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INDICATORS OF ECONOMIC DEVELOPMENT

INDICATORS OF ECONOMIC DEVELOPMENT . How do we measure it ?. INDICATORS OF ECONOMIC DEVELOPMENT. Post-Industrial Agricultural Industrial Service. Comparing GDP by Sector. INDICATORS OF ECONOMIC DEVELOPMENT. Post-Material/Post-Modern Values emphasized by a society Stages

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INDICATORS OF ECONOMIC DEVELOPMENT

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  1. INDICATORS OF ECONOMIC DEVELOPMENT How do we measure it?

  2. INDICATORS OF ECONOMIC DEVELOPMENT • Post-Industrial • Agricultural Industrial Service

  3. Comparing GDP by Sector

  4. INDICATORS OF ECONOMIC DEVELOPMENT • Post-Material/Post-Modern • Values emphasized by a society Stages • Pre-Modern • Basic Survival • Modernism (Materialism) • Values of Industrialism • Materialism • Rationalism and Reasoning

  5. Post-Materialism/Post-Modernism • Set of values that emphasize “Quality of Life” in addition to material gain. • Health Care • Environment • Education

  6. GROSS DOMESTIC PRODUCT per capita • The total value of goods and services produced by an economy, divided by population of the country. • GNP: Includes income earned by citizens outside of the country.

  7. INDICATORS OF ECONOMIC DEVELOPMENT • Human Development Index • Measures overall well-being of society: • Health, education, & income. • 1= Very Good • 0= Very Bad

  8. Human Development Index, 2011 http://hdr.undp.org/en/statistics/ 2. Australia 3. Netherlands

  9. Human Development Index

  10. High level of economic development • Post-Industrial • Post-Modern/Post-Material • High GDP per capita • High score (close to 1) on HDI

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