GDP AS A MEASURING INSTRUMENT FOR THE HUMAN DEVELOPMENT

Abstract

Probably the main movement of the economy is abandoning the traditional index of growth (GDP / GNP) as a tool for reflection the welfare and introducing alternative indicators of qualitative growth and development, eventually complementary, as it does for example ul Haq (1995), which makes the quantitative growth and development two terms mutually dependent. The main problem with the GDP is that it may increase while the inequality, poverty, mortality, disparities between regions, etc. can grow simultaneously; at the same time, GDP is an index that does not reflect the environmental damage and the depletion of a resource.

Keywords

• new economy
• sustainable development
• human development