Social Science Blog ( CBSE X): Development (Economics)

Development

Goals/Aspirations

· What may be development for one may not be development for the other. It might even be destruction for the other. eg- Sardar sarovar dam.

· Regular work, better wages or more income with decent prices to the crops or products.

· Material goals can be bought and measured.

· Equal treatment, freedom, security and respect for others.

· Can’t be bought of measured.

· Non-material goals are more important than material goals as it assures him/her of equal status, recognition, acceptance in society, confidence for development.
· Different people have different developmental goals; what may be development for one may be destruction for the other. eg- Affection.

· Per capita income or average income is considered the most important attribute for measuring national development.

· The world development report 2006, brought by the World Bank classifies countries on the basis of the per capita income.

· The countries whose per capita income is Rs. 4,53,000 pa. are considered to be rich countries

· Countries with per capita income Rs. 37,000 or less pa. are low income countries.

· India’s per capita income in 2004 was just Rs. 28,000 pa. (recent, 2010-2011 Rs. 53,331).

· Infant Mortality Rate (IMR)

· Literacy Rate

· Gross enrolment rate for Class I-X

· Life Expectancy

· HDI Rank ( currently at 134^th rank)

The human development report, published by UNDP compares countries based of education and health categories, as well as the nations per capita income.