The Metrics of Growth: Evaluating Economic Development and Its Measurements

• Ron I. McComb & Kenneth B. Torres Common Market for Eastern and Southern Africa

  Common Market for Eastern and Southern Africa

  Author

Economic growth, measured by the increase in a country's total production of goods and services from one year to the next, is seen as a benchmark for evaluating government administration and the well-being of its population in many countries. In Mexico, 2019 appears to have been a year of zero growth. This paper attempts to analyze some economic concepts related to economic growth and how to measure it in order to have a broad framework for considerations to assess the extent to which it is appropriate to hold a government like Mexico's accountable for economic growth, or the lack thereof, in the first year of its administration.

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