It said a developed nation is all encompassing in terms of technology, food and basic necessities to make good human comfort. However, with the global trend of economic imbalances can the latter definition hold?
The major indices to measure a developed country include: The use of steel, food sufficiency and energy use or motion conversion. But from my observation even the developed nations may not meet with these indices 100 %.
Hello Michael. Obviously development is a multidimensional notion which is impossible to measure in a comprehensive way. However, when we want to compare and analyze performance of nations in this regard, the most practical indexes are HDI (UN) and Better Life Index (OECD).
Indices (all of them) are evil!. If you wish to know if there has been development stratify the sample so you have poor, rich and middle class in big cities, medium cities and rural hamlets. Ask only one question: do you feel better off as a result of "development projects". a majority (or even a plurality) of poor rural people say: Yes, then development has occurred.This is Rawlsian without the fiction of a utility function..