OBJECTIVE AND SUBJECTIVE INDEXES OF DEVELOPMENT FOR LATIN AMERICA

Abstract

Since the economic development has arisen as a model, some critical positions have emerged, both from theoretical aspects and in its terms of measurement. A non worthless set of indexes and indicators, so called alternatives, has been produced, building up an important basis of quantitative information. Examples of them are: Genuine Progress Index, Social Progress Index, Human Development Index, Basic Capacities Index, Gender Inequality Index, and Happy Planet Index. Each proposal contains innovative elements: new approaches or social components as gender and environmental issues, and more recently include also subjective aspects. This paper contains a critical systematization of indicators and indexes of objective/ subjective nature. A comparison is made and also statistical correlation for Latin-American countries.