Human Development Vs Economic Growth
Human Development VS Economic Growth
Diego Saavedra
Teacher: Rodrigo Coss Anaya
Due Date: 25/10/2015
Perspectivas del Mundo Actual
Economic Growth vs. Human Development:
To understand the relationship between the economic growth and human development, first we must know the definition of this two concepts, in order to understand the difference and relationship between this two, and to begin comparing and contrasting them.
The definition of “Economic Growth” is:
“Economic Growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. The economic growth can be measured in nominal terms, which include inflation, or in real terms. GDP is used to compare one
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It invests in people, which enables growth and it empowers people to pursue different paths in life, different jobs and decisions; this is how human capabilities are created.
To measure human development there is the Human Development Index, created by the United Stations Development Program. This index shows different statistics, such as life expectancy, an education index and gross national income per capita.
There are six pillars of human development, which are considered to be the most basic, these are:
Equity: idea of fairness for every human being. One common example is the equality between men and women, human development looks for an equal treatment between this two genders.
Sustainability: Pillar in which we all have the right to earn a job and money to sustain our own lives. Productivity: This pillar states the full participation of people to improve the development of a greater economy.
Empowerment: The freedom of people to influence a development and decisions that affect their lives.
Cooperation: This pillar imposes participation and belonging to communities, which helps in the development and
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These six pillars are also known as the Dimensions of Human Development.
Human development focuses in improving the lives people have, it provides people with opportunities, it doesn’t insist in the use of this opportunities, as economic growth does.
Human development has advanced as the ultimate objective of human activity in place of economic growth.
There exists a long and strong connection between economic growth and human development. On one hand, Economic Growth helps to provide the resources to permit improvements in Human Development. The factors that link Economic Growth and Human Development have not been
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