The So-called Social Aspects of Economic Development
If it is granted that economic development is not an end in itself but a means to better human relations and well-being, then economic progress must be judged by its social results. Economic development cannot be considered a simple accumulation of productive capacity, nor can the standards of living of a population be measured in terms of steel ingots produced or electric power installed. However, social gains deriving from economic development are difficult to appraise accurately, for several reasons: First, there is no established pattern by which to evaluate them; then, economic development may bring social losses as well as gains; furthermore, by its very nature, development may result in long-term benefits which only become apparent after a period of relative sacrifice; finally, the concept of social progress, of the individual’s personal welfare and his relation to society, varies according to ideological and philosophical beliefs.
KeywordsEconomic Development Latin American Country Social Programme Land Reform Social Progress
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