No longer can one hold material wealth as the sole outcome of development. Because meterial wealth has not solved all the problems in society. (Can you explain the high crime rates in America? can wealth created in the American fire arm industry make America a safe society? ) Thus wealth creating developemnt is no longer a wisdom of convention.

Since growth of wealth or GDP in numbers does not mean anything . ....then what perhaps should be coined as development? And how should it be interpreted? Development as Freedom?(A. Sen), development as Ethical growth? (J. Stiglitz) or developemnt as social justice(D.Seers) ?