Go Beyond GDP?
For many years, Gross Domestic Product (GDP) has been used by economists and politicians as a measure of a society's overall economic and social health. The basic premise being that when GDP rises, so does citizen happiness and well-being.
Yet more and more indicates that this is falling short of reality. The rising income and wealth inequality, the decline in social cohesion, the failure to address youth unemployment, the alarming climate change, the rise of precarious work, and the unaddressed demographic challenges are all poorly addressed. An increasing number of people and organisations realise that whilst GDP measures primarily growth, it alone says little about the state of the world.
In this current time of disruption, rapid automation and the advancement of new technologies such as artificial intelligence, politicians and civil society are calling for better, more holistic and inclusive measures of a country's overall health.
The OECD's Better Life index does just that.
UNI is following this, and other, alternatives closely.