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The Indicators Crisis

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The Indicators Crisis
Author(s)Henderson, Hazel
AbstractGross National Product (GNP) is not only a domestic indicator of economic growth. It is also a performance measure used by multinational funding agencies to assess the economic progress of developing countries. As such, GNP is an economic instrument that has been exported from the North to the South. This article suggests that GNP is an inappropriate measure of true progress even in the Northern countries for which it was developed, and is especially damaging when used as an indicator of developing nation progress. A range of alternative social development indicators are suggested, drawing on an extensive literature including critiques and modifications of GNP as well as complementary social and environmental indicators.
IssueNo
Pages149-191
ArticleAccess to Article
SourceParadigms in Progress: Life Beyond Economics
VolumeNo
PubDateNovember1995
ISBN_ISSN1881052745

Theories and Methods

  • Balanced Growth
  • Capital Theory
  • Consumption Theory
  • Economic Indicators
  • Employment Theory
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