Economic Growth And Human Development

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Development described as a social condition within a nation in which the reliable needs of its population are satisfied by the rational and sustainable use of natural resources and systems. Meanwhile, Human development defined “as the process of enlarging people’s freedoms and opportunities and improving their well-being. Human development is about the real freedom ordinary people have to decide who to be, what to do, and how to live” . Economic growth is basically defined as an increase of wealth of a nation over time. Although, economic growth and development are closely intertwined, the economic growth is but a step in the direction towards development – one of prime significance, indeed a precondition to it, but by no means can it be conceptualized as development itself. For a country to be generally recognized as a developed one, it also needs to be able to provide its citizens with as fair as it is possible a distribution of basic resources and social amenities, such as healthcare and education and a clear environment. In this essay I will link between economic growth and human development, focusing in economic growth and it’s necessary for human development, knowing that human development is also an important element and driver to economic growth. I will take China as an example, as it has the largest economy in the world. As of 2016, “it is the world 's second-largest economy by nominal GDP and largest by purchasing power parity (PPP). China is also the world 's
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