Aside from GNI and GDP, what do you see as an important measure of development? Why?

Answer 1

The other factors used in the Human Development Index such as % of children in school (especially girls and secondary school) and life expectancy. And the average income of the poorest 20% of households.

Why?
Life expectancy becasue it is a good proxy for general felt experience of more or less development, when it is very low it indicates things like clinics are few or beyond reach (physical or $) of many villagers, or AIDS is rampant, or pollution is high in towns or drinking water is dirty etc.
Schooling because it is the gateway to progress, when people are very poor they do not value sending their kids to school and especially not beyond primary school and daughters in most poor cultures are less valued than sons. As soon as there is a little development, a few educated children become more economically valuable than many uneducated ones, so it is a yardstick of development.
Income of the poorest 20% is for obvious reasons. Measured at purchasing power parity of course. Look at the figures (if yuo can find them) for highly unequal countries such as Bermuda, the Bahamas, and Brazil in contrast to those for Cuba and Sri Lanka to see what I mean.

Answer 2

The size of GDP and GNI may say something about a country's economic strength but nothing about equality and its people's welfare. The composition of GDP also matter. The service sector shoud play an important role in developed countries.
When it comes to measuring development, the debate never ends.

Answer 3

Two other economic indicators which I feel are very important: New Housing Starts & the Unemployment Rate. The housing starts indicate a good economy with people that have money to spend, and also if housing starts are good than the martgage rates are good too. All signs of a good economy. The employment rate speaks for itself. A good economy needs people to be working and making a living wage, or at least staying off the welfare roles.

Answer 4

financial progression refers to sustained concerted strikes of coverage makers and communities to sell well-known of residing and financial wellbeing in a particular section. Such strikes are utilized in diverse aspects such because of the fact the form of extreme infrastructure,wellbeing,community competitiveness,environmental sustainability and different initiatives. financial progression differs from financial enhance. while financial progression is a coverage intervention enterprise to sell social well being and financial wellbeing,financial enhance is a phenomenon of industry productiveness and upward push of GDP. subsequently as economist Amartya Sen says "financial enhance is a facet of the approach of financial progression". financial progression is a lot greater significant than financial enhance yet then the exclusion of financial enhance could make financial progression incomplete.

Answer 5

The higher net gain of people. A place is probably good if people are immigrating to it.