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Development and the Caribbean
The concept development is said to be a process as well as a
desired end.
Development
Development means improvement in a countrys economic and social
conditions.
It refers to improvements in the ways of managing an areas
natural and human resources in order to
create wealth and improve peoples lives.
Development is improvement of a countrys:
- Social- Economic- Political resources- Management of natural
and human resources
Types of development:
- Economic development- Human development- Sustainable
development
Economic Development
- Development through economic growth, increase in income and
standard of living GNP percapita.
Economic growth is the increase in value of goods and services
by a country within a time period.
- A traditional way of looking at development.
Human development
- Development with human beings at the centre of the process.-
Came about as a result of the dissatisfaction for economic
growth.
Human development paradigm
People are the means and end of development quality of their
lives.
Development is about broadening peoples choices.
- Poverty and income inequality that prevent a better quality of
life.
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Sustainable development
- Development that meet the needs of the present without
compromising the ability of the futuregenerations to meet their own
needs.
Its more concerned with the quality of life of its people.
Engaging in activities that do not harm the environment.
Indicators of development
Economic indicators:
- Gross National Product (GNP)- Gross Domestic Product (GDP)-
Population Growth rate- Age Dependency Ratio
