ABSTRACT
Development is a slippery term with multiple meanings, especially when it comes to talking about the means by which we compare nations, claiming some to be developed and others less or underdeveloped. In The Development Dictionary, Wolfgang Sachs traces the current use of the word development to US President Harry Truman's 1949 inauguration speech. A distinction can be made between economic development, a measure of a country's wealth, and human development, which is a broader measure of the wellbeing enjoyed by the citizens of a country; this may include health, education, political rights and income. Rather than relying on wealth alone, the United Nations Development Programme (UNDP) has ranked countries according to a composite measure called the Human Development Index (HDI). This considers three sets of indicators covering health, education and standard of living. Another way of measuring development is Bhutan's Gross National Happiness Index (GNH).
