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Economic development was first introduced in 1887 by Karl Marx who mentioned the
concept in his book Capital. He stated that development is a process through which societies
move and change. Since then, many theorists have attempted to define economic development.
This essay will examine three of these theorists namely, Dudley Seers, Gerald Meier and
Amartya Sen in the hope of highlighting how relevant these theorists are in the developmental
process of the Caribbean countries (Economic Growth vs. Economic Development, 2015).
Meiers postulated that economic development is the process whereby the real per capita
income of a country increases over an extended period of time and cannot be measured using the
short term rise and falls of normal economic activity. Nevertheless, for development to take place
the number of people living below the absolute poverty lines should not increase and the
distribution of income should not become more unevenly distributed (Economic Growth vs.
Economic Development, 2015). Fundamentally, for economic development to take place the
following processes should be observed; a nation should seek to reduce the number of persons
living below the absolute poverty line and ensure that income is equally distributed among the
population; decrease the level of unemployment that the society can endure; a reduction in
economic and regional diversification; increased life expectancy of the population; reduce infant
mortality rate and improve basic literacy. All this has to be achieved before economic
development of the country can be realized (Economic Growth vs. Economic Development,
2015)
Dudley Seers on the other hand, contends that the use of national income or per capita
income as a measurement of economic development is inadequate and even questionable. He
development. The Government of Barbados pays the cost of education for Barbadian students at
primary, secondary and tertiary level (Barbados education, 2015).
In contrast, Cubas economic freedom score is 29.6. Hence, Cuba is ranked least free of
29 countries in the South and Central America/Caribbean region, and its overall score is
significantly lower than the regional average. Cuba has a relatively high level of development as
the country is ranked 59 out of 187 countries on the United Nations Development Programme's
2012 human development index. Cuba has a 99.8% literacy rate and daycare system which
provides all children equal opportunities and levels of education and daycare. Additionally, Cuba
has a successful health care system that is renowned worldwide. All Cubans have access to free
medical care, regardless of socioeconomic standing (Clarke, 1998).
Conclusion
In conclusion, Gerald Meier and Dudley Seers recognized that an increase in national
income is important to development. They also stated that true development can be measured
using social and economic factors. Both theorists agreed that economic development is a more
complex and dynamic process than economic growth.
They further noted the fact that economic development cannot be equated with economic
growth. Seers stated that income is linked to poverty reduction and ultimately adequate provision
of food, while for Meier per capita income has primary significance.
According Seers, true development outlines the elimination of poverty, increase in
literacy and improvement in the health system as opposed to the increase of per capita output.
Amartya Sen went on to say that freedom is the ultimate goal of economic life as well as
the most efficient means of realizing general welfare.
References
http://www.barbados.org/educate.htm#.VZtg47DH-M8
Clarke, L. (1998). Education in Cuba. Retrieved July 4, 2015, from
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Garfield, R. &. (1997). The impact of the economic crisis and the US embargo on health care in
Cuba. Retrieved July 7, 2015, from http://www.tulane.edu/~rouxbee/kids98/cuba3.html
Golding, B. (2010). Poverty crisis in Jamaica. Retrieved July 6, 2015, from http://jamaicagleaner.com/gleaner/20101014/lead/lead1.html
Maboloc, C. R. (2008). The Concept of Human Development. Retrieved July 4, 2015, from
http://www.diva-portal.org/smash/get/diva2:18358/FULLTEXT01.pdf
Pettinger, T. (2011). Difference between Economic Growth and Development. Retrieved July 3,
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