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Globalisation - frugal Growth and Development and development indexs. epitome the differences surrounded by stinting branch and frugal development. Discuss how economic development may be posterd. Outline how globalisation may impact upon a nations development. Where suspend make reference to a relevant case study.Although economic ripening and development are similar in meaning, they have some substantive differences. Economic growth refers to the increasing ability of a nation to generate more goods and services. Economic development basically implies that individuals of that nation depart be better off and takes into account changes in economic and social structures that will reduce or eliminate poverty. Economic development fecal matter be measured in a number of different ways including the human beings Development Index, a Gender Empowerment Measure, a Human pauperism Index and a Human Freedom Index. All of these measures were developed by the United Nations De velopment syllabus. The World Bank also has its own indicator called the World Bank Development Indicator. Globalisation can have some(prenominal) negative affects on a nation. It can impact on the levels of economic growth a country may experience, impact on levels of unemployment or it may impact on a countrys feel of life. Economic growth is the expansion of a countrys rich capacity. This leads to a overturn in total subject field output. Growth can occur in two different ways the increased go for of land, labour, capital and entrepreneurial resources by using better technology or management techniques and increased productivity of existing resource use through rising labour and capital productivity. While theoretically having an increasing national output means greater material welfare and a rise in living standards, it does not equate to having spiriteder levels of well being for individuals in that nation. Economic growth can, in fact, have negative impacts on a natio n including environmental degradation and the loss of traditional heathen values. It also may mean there is greater inequality between different classes in society, that is, the gap 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 account for other important social and economic factors such as the size of the black market, domestic work ... ...e voiceless progress. Although in the very proterozoic nineties Poland experienced a precipitous decline in GDP, it has since resumed steady growth. In 1999 its GDP growth was 4.1%. The closed-door sector instanter accounts for over 55% of the total GDP. In primal 1990, Poland was experiencing hyper-inflation with levels of up to 1200%. In 1999 the inflation rate was lowered to 7.3%, which although is still high by developed world standards, is slowly dropping. Also in the early nineties, Poland had huge unemployment rates with mo st sectors at around 30%. This has now been lowered to 13%, which again is high by developed nations standards further is a lot less than the rates experienced early in the decade. Essentially, the difference between economic growth and economic development is that one and only(a) 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.