The Changing Economic World: Limitations of Developing Measures 🤔 GCSE Geography Learning & Revision

In this episode, we’ll explore the challenges of measuring development and the limitations of traditional economic metrics. We’ll discuss how focusing solely on national income can mask issues like inequality and corruption, providing an incomplete picture. We’ll examine why economic growth does not always lead to improved well-being for the majority of the population. Finally, we’ll consider the benefits of using a range of indicators, including composite measures like the Human Development Index (HDI), for a more comprehensive evaluation of development.Don't miss out on subscribing for more educational content tailored to help you succeed in your exams. Perfect for AQA, OCR, Edexcel, CIE and WJEC exam boards.⁠⁠Click here to see all of our GCSE Geography content!⁠