This paper explores the two-way links between Economic Growth and Human Development by examining the performance of some countries which have been successful in both dimensions and a few which have not. The specific aim is to examine the historical experience of six countries in order to...

Gross domestic product (GDP) is shown to possess three new desiderata. First, GDP is almost perfectly correlated over time with the first principal component of its three classical indicators. Second, this principal component is in a class of weighted indexes ancillary to GDP. Each ancillary...

Paper prepared for the United Nations Development Programme (UNDP), Human Development Report 1992. The reduction in tension between the superpowers offers the opportunity to release funds, a peace dividend that could be put to constructive use. This paper considers whether this opportunity, as...