Relationship Between Economic Growth and Development
Measuring Development
AO3
Syllabus requirement
Explores the potential link between increases in real income and improvements in well-being, including when growth may not lead to development.
Assessment objectives
AO3 Synthesis and Evaluation
Summary
This topic explains that economic development is broader than economic growth and includes social and qualitative changes that improve quality of life. Key thinkers (Todaro, Goulet, Sen) argued that development requires structural change, reduction of poverty and inequality, and attention to human freedoms and basic needs, which influenced measures such as the UNDP's Human Development Index (HDI).
