These Free Trade Zones are becoming increasingly prevalent in the Asian context as officially communist countries such as China are cautiously embracing capitalist market reforms. We then turn to an analysis of Mexico and argue that capitalist economic development is the most potent form of development today. In conclusion we will explore what makes economic development possible and persuasively argue that some economic systems are more successful than others in stimulating economic growth and development.
According to the United Nations Human Development Index, development includes a variety of attributes and is not solely an economic consideration. The Human Development Index, or HDI, explores development using a wide net and combines a variety of social indicators in its index to account for development including life expectancy, rates of literacy, GDP per capita, educational opportunity, standards of living, and opportunities for advances for women, etc. HDI is used to measure the development of a particular country and focuses on a variety of indicators to do so. ...Show more