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Showing posts from March, 2014

Is the Misfortune for the World Poorest Countries Self Inflicted or Externally Instigated

A country's poverty index is conventionally measured with reference to national or individual income; this means a country’s level of development is gauged by its per capita gross domestic product (GDP). Alternatively can be measured according to the number of people living on less than $1.25-$2.00 a day. Concurrently some critics have argued that this focus on GDP is narrow & flawed for at least two reasons, they argue: 1. It overlooks the multiple factors, such as good health, or personal liberties — that make up a complete human life. 2. It can encourage policy makers to foster economic growth without regard to the consequences — exacerbating social inequality in the process, for instance, or sacrificing environmental standards at the altar of rising incomes. (Sounds really familiar)! I happen to agree with the critics, because I have always been skeptical when I hear a country claiming high GDP growth, with no real tangible growth at the bottom (the common citizen) not feel