there are exceptions. These being Australia and New Zealand, which are classed as ‘developed’ countries. Other indicators of development that are being used today are the PQLI, which is the physical quality of life index. Also the IHSI, which is the International Human Suffering Index. The PQLI is a quantitative measure of development and can be calculated by taking the average of three variables. These are life expectancy, literacy rates,
After over four decades of development aid being directed at developing countries, the general assumption of commentators around the subject is that the majority of these recipients have witnessed very little or no economic growth, apart from a handful of countries such as South Korea and Botswana (Easterly, 2006). Further highlighting this point, Clemens (2004) observes that only five countries saw annual growth of over 7% over a 15 year period whilst 21 other recipients actually suffered negative