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Gdp As A Measuring Instrument For The Human Development

Author

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  • CRISTINA BALACEANU

    (Dimitrie Cantemir Christian University)

  • DIANA MIHAELA APOSTOL

    (Dimitrie Cantemir Christian University)

Abstract

Probably the main movement of the economy is abandoning the traditional index of growth (GDP / GNP) as a tool for reflection the welfare and introducing alternative indicators of qualitative growth and development, eventually complementary, as it does for example ul Haq (1995), which makes the quantitative growth and development two terms mutually dependent. The main problem with the GDP is that it may increase while the inequality, poverty, mortality, disparities between regions, etc. can grow simultaneously; at the same time, GDP is an index that does not reflect the environmental damage and the depletion of a resource.

Suggested Citation

  • Cristina Balaceanu & Diana Mihaela Apostol, 2014. "Gdp As A Measuring Instrument For The Human Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 138-142, December.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:6:p:138-142
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    References listed on IDEAS

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    1. Daniela Penu, 2015. "Public Expenditure in Romania under Economic Crisis," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(3), pages 162-167, September.

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