X hits on this document

Powerpoint document

6GEO3 Unit 3 Contested Planet Topic 5: Bridging the Development Gap - page 5 / 24

193 views

0 shares

2 downloads

0 comments

5 / 24

Measuring development

Measuring development levels is a challenge.

Traditionally development has measured using economic data such as GDP or GNI per capita.

These measures fail to recognise:

1.

Income distribution

2.

The local value of money

3.

The non-money economy e.g. barter and exchange

It is also important to recognise that development has social and quality of life aspects

Measures such as life expectancy, education level, access to sanitation are important

*data for Dec 2009

This basket of goods costs 112 Indian Rupees in India, the equivalent of £1.50*. To buy the same basket of goods in the UK would cost around £6.

The difference in how much goods and services really cost, is why PPP (purchasing power parity) GDP income is used rather than ‘raw’ GDP.

Using raw GDP per capita average income in India is about $1000, but PPP GDP per capita income is  $2800

Document info
Document views193
Page views218
Page last viewedSat Dec 03 15:17:11 UTC 2016
Pages24
Paragraphs446
Words2947

Comments