Are GDP/GNP appropriate measures of development?

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Focusing on the political and economic dimensions of development, this seminar paper examines the significance of Gross Domestic Product (GDP) as a key indicator for measuring development. It highlights how multinational organizations, particularly the World Bank, prioritize GDP and Gross National Product (GNP) in defining developing countries. The analysis assesses the effectiveness of GDP as a development measure, emphasizing its critical role in shaping policies and understanding economic prosperity in the context of international development politics.