Unit 4.8 · Measuring Development
Relationship Between Economic Growth and 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
AO3Synthesis and Evaluation
Summary
The relationship between economic growth and development encompasses more than just increases in GDP. It includes qualitative factors that affect the quality of life, such as poverty reduction, income and gender equality, political freedoms, and employment opportunities.