Unit 4.8·Global Economics

Multidimensional Nature of Development

Measuring Development

AO2

Syllabus requirement

Development includes improvements in health, education, equity, and sustainability, not just increases in income.

Assessment objectives
AO2 Application and Analysis

Summary

This topic explains that economic development is a multidimensional concept that goes beyond simple economic growth. It traces historical ideas from mercantilism and classical economics to twentieth-century industrialisation and the export-led success of the 'Asian Tigers', and notes that since the 1970s policymakers and economists began to consider non‑income goals (poverty, nutrition, jobs, basic needs) when assessing development.

Related articles