Development: An analysis of concepts, measurement and indicators

Abstract

This paper presents the result of a comprehensive analysis of the main forms of development measurement. Recognizing the level of complexity that the subject involves, aspects related to interpretations and dominant ideologies in development/growth concepts are shown initially. The second part of this work constitutes a critical analysis of forty-three of the most well-known national and international indicators used to measure this phenomenon. It is imagined that this analysis can show the state of the art for constructing development indicators. The development process covers a complexity of relationships. Its analysis, therefore, cannot be restricted only to the economic dimension because, as a rule, the question is presented both in the media and a considerable part of specialized literature. Emphasis on this dimension has historic origins, which have already shown the fragility of this approach.