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Beyond a country's GDP: the time is ripe to view human development as part and parcel of economic development

Zainal Abidin, Irwan Shah (2017) Beyond a country's GDP: the time is ripe to view human development as part and parcel of economic development. (9 May 2017). in New Strait Times, p. p. 17.

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Abstract

IN today's world, the measurement of development in the form of gross domestic product (GDP) is no longer sufficient to capture or represent the quality of life or the standard of living of individuals, societies or nations.This is where the discipline of economics must evolve and policymakers must take heed. The high incidences of wealth and income inequality all over the world, and other non economic issues, such as the environment and the well being of the people, have made GDP inadequate to measure the social advancement of humanity.

Item Type: Newspaper
Additional Information: Section: Local News
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Dr. Irwan Shah Zainal Abidin
Date Deposited: 14 May 2017 05:12
Last Modified: 15 May 2017 02:50
URI: https://repo.uum.edu.my/id/eprint/22031

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