Abstract
The human development idea is distinctive from other concepts of growth and development. Economic growth is regarded as necessary but not sufficient for human development. The question of how to measure progress demands some ingenuity, given the lack of detailed statistics that would make a comprehensive look possible. This is why the United Nations Development Programme (UNDP) concentrates on only three yardsticks of well-being which are regarded as the essentials of human life: longevity, knowledge and a decent standard of living. Human development without economic growth cannot be sustained. Sustainable human development demands more of markets, so that they continue to offer their advantages and that they do so in a more balanced way, combining efficiency, equity and sustainability.Keywords: economic growth; human development progress; United Nations Development Programme (UNDP)
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