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Globalisation - Economic Growth and training and phylogeny indicators.Outline the differences between economic harvest and economic development. Discuss how economic development may be measured. Outline how globalisation may meeting upon a nations development. Where appropriate make reference to a relevant case study.Although economic growth and development atomic number 18 sympathetic in look uponing, they have some essential differences. Economic growth refers to the change magnitude ability of a nation to produce more goods and services. Economic development basically implies that individuals of that nation will be better off and takes into report changes in economic and social structures that will reduce or pass on poerty. Economic development roll in the hay be measured in a number of different ways including the mankind Development Index, a sexual practice Empowerment Measure, a Human Poverty Index and a Human Freedom Index. All of these measures were true by the United Nations Development Program. The innovation Bank also has its own indicator called the World Bank Development Indicator. Globalisation drive out have both negative affects on a nation. It can impact on the levels of economic growth a surface area may experience, impact on levels of unemployment or it may impact on a countrys quality of life. Economic growth is the involution of a countrys productive capacity. This leads to a rise in total national output. Growth can occur in ii different ways the increased use of land, labour, capital letter and entrepreneurial resources by using better technology or management techniques and increased productiveness of existing resource use through rising labour and capital productivity. While theoretically having an increasing national output means great material welfare and a rise in living standards, it does not equate to having higher levels of well being for individuals in that nation. Economic growth can, in fact, have negat ive impacts on a nation including environmental degradation and the loss of traditional cultural values. It also may mean there is greater inequality between different classes in society, that is, the to-do between the rich and the poor may grow. It is for these reasons that economic development measurements are also used. Economic growth as a measure fails to describe for other important social and economic factors such as the surface of the black market, domestic work ... ...e strong progress. Although in the very archaeozoic nineties Poland experienced a sharp decline in GDP, it has since resumed solid growth. In 1999 its GDP growth was 4.1%. The private sector now accounts for over 55% of the total GDP. In early 1990, Poland was experiencing hyper- pomposity with levels of up to 1200%. In 1999 the inflation rate was lowered to 7.3%, which although is still high by developed terra firma standards, is slowly dropping. Also in the early nineties, Poland had huge unemployment rates with just about sectors at around 30%. This has now been lowered to 13%, which once again is high by developed nations standards but is a lot less(prenominal) than the rates experienced early in the decade. Essentially, the difference between economic growth and economic development is that one is a quantitative measure (growth) and the other is a qualitative measure (development). Economic development can be measured using a variety of indicators, mostly developed by the United Nations Development Program (UNDP), though another widely used indicator was developed by the World Bank. Globalisation can have many affects on nations, depending on their government policies and also on their economic status.