development. Discuss how economic development may be measured.

Outline how globalisation may impact upon a nation's development. Where

appropriate make reference to a relevant case study."

Although economic growth and development are similar in meaning, they have some

essential differences. Economic growth refers to the increasing ability of a nation to

produce more goods and services. Economic development basically implies that

individuals of that nation will be better off and takes into account changes in

economic and social structures that will reduce or eliminate poverty. Economic

development can be measured in a number of different ways including the Human

Development Index, a Gender Empowerment Measure, a Human Poverty Index and a

Human Freedom Index. All of these measures were developed by the United Nations

Development Program. The World Bank also has its own indicator called the World

Bank Development Indicator. Globalisation can have both negative affects on a

nation. It can impact on the levels of economic growth a country may experience,

impact on levels of unemployment or it may impact on a country's quality of life.

freedom from censorship, the freedom for political, legal, social and economic equality

of individuals in that country. The main development indicator used is the Human

populations, a Gender Empowerment Measure, which shows gender inequality in

uncompetitive with the global market. An example of this is the European Union, which

In 1991, the UNDP developed a one off indicator called the Human Freedom Index

corporations, domestic employers must remain competitive and to do this they seek

capita has had a relatively high level of economic development given their level of

Some common words found in the essay are:
European Union, Indicator Globalisation, Korea Singapore, , Economic Welfare, Index HFI, Program UNDP, Index WBDI, Domestic Product, Index HPI, economic growth, economic development, human development, gnp capita, world bank, quality life, development index, development indicator, takes account, nations development program, nations development, united nations development, human development index, economic development measured, levels economic growth,
Approximate Word count = 1672
Approximate Pages = 7 (250 words per page double spaced)