How can we decide if the distinction between economically more developed countries and economically less developed countries is a meaningful one given that economic development itself might not be so clearly defined?

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Ravi · Answer

There are various growth indicators such as Per Capita Income, GDPgrowth, GNP, NDP, NNP, Price indices, Poverty level, etc.

Nowdays, a concept of sustainable development and inclusive growth is what is the focus of prime concern of growth and development of most welfare states.

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How can we decide if the distinction between economically more developed countries and economically less developed countries is a meaningful one given that economic development itself might not be so clearly defined?

How can we decide if the distinction between economically more developed countries and economically less developed countries is a meaningful one given that economic development itself might not be so clearly defined?

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How can we decide if the distinction between economically more developed countries and economically less developed countries is a meaningful one given that economic development itself might not be so clearly defined?

How can we decide if the distinction between economically more developed countries and economically less developed countries is a meaningful one given that economic development itself might not be so clearly defined?

1 Answers

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