International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 115

Research Paper | Economics | Zimbabwe | Volume 5 Issue 2, February 2016


The Need to Go Beyond GDP in Measuring Development

Eric S. M. S. Makura


Abstract: This ARTICLE is a Rejoinder to a Paper entitled, AFRICAN AND ASIAN DEVELOPMENT COMPARED LESSONS FOR ZIMBABWE, jointly presented at the Womens University in Africa in December 2014 by Dr. Roel Van der Veen and Dr. Jan Bade. The Paper was anchored on the GDP and painted a rather gloomy picture about development in Africa. Such a depiction clearly exposes serious flaws in the use of GDP as an appropriate instrument of measuring development. The instrument is not only incapable of accurately measuring development, but equally economic growth, per capita, and quality of life. That GDP is incapable of accurately measuring these aspects of life is not the fault of its architect, Simon Kuznets, who devised it in 1934, but that of neo-classical and neo-liberal scholars, who have tended to inappropriately use the instrument. Kuznetss primary aim was for the instrument to provide Franklin Roosevelt Government with as accurate information as possible on the performance of the American formal economy that was undergoing serious shrinkage during the 1930s worldwide Great Depression.


Keywords: Development, Gross Domestic Product, Economic Growth, Economic and Social Well-Being


Edition: Volume 5 Issue 2, February 2016,


Pages: 1426 - 1432


How to Cite this Article?

Eric S. M. S. Makura, "The Need to Go Beyond GDP in Measuring Development", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=NOV161363, Volume 5 Issue 2, February 2016, 1426 - 1432

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Development'

Downloads: 0

Research Paper, Economics, Indonesia, Volume 10 Issue 1, January 2021

Pages: 345 - 350

Strategy for Accelerating Economic Development in Maluku Province Using Input-Output Table Approach

Mu'azam Shah, Maryunani, Nurul Badriyah

Share this Article

Downloads: 0

Research Paper, Economics, Oman, Volume 10 Issue 9, September 2021

Pages: 1048 - 1058

Impact of Public Funded Projects on Women's Economic Empowerment in Oman

Aisha Al Abri, Swadhin Mondal

Share this Article

Similar Articles with Keyword 'Gross Domestic Product'

Downloads: 180

Dissertation Chapters, Economics, Uzbekistan, Volume 7 Issue 12, December 2018

Pages: 489 - 492

Analyzes of Consumption of Food Products in Gross Domestic Production in Uzbekistan

Umarov Ilkhomjon Yuldashevich

Share this Article

Downloads: 80 | Monthly Hits: ⮙1

Review Papers, Economics, India, Volume 10 Issue 2, February 2021

Pages: 170 - 171

A Review of the True Meaning of Economic Growth and Variations in Rates of Economic Growth around the World

Aditya Syam

Share this Article

Similar Articles with Keyword 'Economic Growth'

Downloads: 0

Masters Thesis, Economics, Kenya, Volume 10 Issue 5, May 2021

Pages: 1211 - 1215

The Effects of Ageing Population Growth Rate on GDP in Kenya

Tanui Kiprotich Leonard

Share this Article

Downloads: 2

Research Paper, Economics, Mongolia, Volume 10 Issue 5, May 2021

Pages: 601 - 609

Research on Mongolian Cashmere Exports and its Impact on Economic Growth

Enkhod Ochirpurev

Share this Article
Top