From Economic Growth to Human Development: A Commentary on Recent Indexes of Development

Attempts to present a commentary on a few recent attempts at constructing a composite index of human development, and in the process briefly traces the trends in thinking that show marked shifts from economic growth to social development and to further human development. Shows that national income still remains an important indicator of overall development, and further, that various methodologies of compositing several indicators of development into one index produced broadly similar rank ordering of the nations.