October 12, 2011
1. Gross National Happiness
This term was adopted in the 1970’s by Buthan’s King in an attempt to increase its countries well being level. Buthan was among the worlds most impoverish nations until this term was adopted, the King heavily invested in education and health care to help the country achieve its goal.
In order to balance this two different but interconnected terms there has to be a mean of understanding that you can be happy with or without one another. In my case i just enjoy every moment i have and make every situation i am in the best. I can be happy with or with out money because i understand the differences between them.
I believe in the next 20 years people will understand that money is not everything. Due to the weak economic infrastructure in todays worlds people will understand and realize that money does not bring happiness. Happiness is a stable and well sustained feeling as where money creates a type of euphoria during the times that we have it.
Development is the processes that bring about changes in economic prosperity and the quality of life.
Development positives are:
Urbanization, employment, new energy sources, innovation.
Development negatives are:
Deforestation, poverty, pollution, death.
Developed countries are those that have met certain criteria to help measure the quality of life for an individual. A developing country is one that has not met that criteria yet and needs more improvement in one or more of that criteria.
Conventional development favors economic and social gains but gives scants attention to the impact of these gains or resources use, consumption, or the state of the environment. Sustainable development favors economic and social gains achieved in ways that do not compromise natural resources or the state of the environment for future generations.
3. Economic Indicators
Gross National Income is the total... [continues]
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