Article(print)1971

ANALYSIS OF SOCIO-ECONOMIC DEVELOPMENT THROUGH A SYSTEM OF INDICATORS

In: The annals of the American Academy of Political and Social Science, Volume 393, p. 65-81

MCGRANAHAN, DONALD V

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Abstract

A project at the UN Res Instit for Soc Development on 'Contents and Measurement of Socio-Economic Development' has involved extensive examination of econ & soc indicators (using 1960 data) & selection of a group of priority indicators on an empirical basis (but within the framework of generally accepted components of development). These indicators have been interrelated by a method of analysis called 'correspondence analysis.' This type of analysis provides the basis for plotting development profiles of individual countries, against a norm that changes with level of development; also for typological analysis, showing how development differs for diff kinds kinds of countries. The correspondence system, plus scale transformations, further provide a means of constructing a general or synthetic indicator of development, which, among other things, serves to predict missing scores better than does the per capita GNP, including scores on econ as well as soc variables. HA.

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