The question on How GDP if it real measure the living stand of the - TopicsExpress

The question on How GDP if it real measure the living stand of the People basing to the LDC. So far countries of the Third World are concerned, measures like G.D.P. have not been of much help. Reasons: 1.Successive governments, both at the central and the state levels,have been using GDP growth rates to camouflage their inefficiencies. 2.Financial institutions like the I.M.F. and the World Bank have been advancing billions of dollars to the inherently corrupt economies based on GDP as one of the parameters. No wonder, one does not see much visible improvement in the living standards of the citizens in these countries. MTAZAMO 2 GOD bless hapo J3 nshushe NONDO kwenda mbele. ECONOMIST KIM JR

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