Tag: GDP

The world’s top 100 economies: 31 countries; 69 corporations

The campaigning NGO Global Justice Now (formerly World Development Movement) have done us all a favour by updating the table comparing the economic might of the largest countries and corporations. Headline finding?  ‘The number of businesses in the top 100 economic entities jumped to 69 in 2015 from 63 in the previous year’ according to […]

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Here’s a summary of The Economist’s important critique of GDP and suggestions for reform

‘Laws are like sausages, it is better not to see them being made’ said Otto von Bismarck. Turns out you can probably add GDP to that list. Last week’s Economist had a comprehensive takedown of the uses and abuses of Gross Domestic Product as an indicator of wellbeing, economic health or pretty much anything else. […]

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What happens if you combine life expectancy and GDP into a single indicator? (You spend more on health)

Just been skimming the overview of last December’s report of the Lancet Global health 2035 Commission, chaired by Larry Summers. The report advocates increasing health spending to close the health gap between countries, but the thing that jumped out at me was the practical application of ‘beyond GDP’ thinking in what the report calls the […]

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Oil spills, prisons and the madness of GDP

“Average national income is a notoriously imperfect measure of the average person’s well-being. The 2010 BP oil spill in the Gulf of Mexico – with clean-up and damage costs of $90 billion – added about $300 to the average American’s “income.” But it added nothing to our well-being. The world’s most expensive prison system, costing […]

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Why do some (better) alternatives to GDP get picked up, while others sink without trace? Useful new study on political economy of indicators.

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Joe Stiglitz addresses 'the movement' on well-being v GDP

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How could we measure well-being in a crisis? Some thoughts from Korea

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Do we need to ration growth, and if so, who gets what's left?

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GDP v Well-being – the Stiglitz Commission and other news

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Measuring wellbeing – the latest from UN and OECD. But can Costa Rica, Dominican Republic and Jamaica really be the world's happiest countries?!

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