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Measurement of Economic Development and Interdependence of Countries

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  • Larisa Korganashvili

    (Ivane Javakhishvili Tbilisi State University)

Abstract

At the present time to assess countries economic development, mostly used indicators are per capita GDP and GDP. However, these indicators do not sufficiently reflect the level of economic development of countries. In this regard, for clarification of GDP a correction factor and to determine the interdependence of countries - the interdependence factors are proposed.

Suggested Citation

  • Larisa Korganashvili, 2016. "Measurement of Economic Development and Interdependence of Countries," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 1, May-Augus.
    • Handle: RePEc:eur:ejmsjr:118
    DOI: 10.26417/ejms.v2i1.p59-61
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    References listed on IDEAS

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    1. Matthew W. Ford & Bertie M. Greer, 2005. "Implementing Planned Change: An Empirical Comparison of Theoretical Perspectives," American Journal of Business, Emerald Group Publishing, vol. 20(2), pages 59-69.
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