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Beyond GDP: measuring and achieving global genuine progress

African journal of food, agriculture, nutrition, and development : AJFAND, 2013-09, Vol.13 (5), p.57 [Peer Reviewed Journal]

COPYRIGHT 2013 Rural Outreach Program ;COPYRIGHT 2013 Rural Outreach Program ;ISSN: 1684-5358 ;EISSN: 1684-5374 ;DOI: 10.1016/j.ecolecon.2013.04.019

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  • Title:
    Beyond GDP: measuring and achieving global genuine progress
  • Author: Kubiszewski, Ida ; Costanza, Robert ; Franco, Carol ; Lawn, Philip ; Talberth, John ; Jackson, Tim ; Aylmer, Camille
  • Subjects: Economic development ; Gross domestic product ; Measurement ; New Zealand ; Quality of life ; United Kingdom ; United States
  • Is Part Of: African journal of food, agriculture, nutrition, and development : AJFAND, 2013-09, Vol.13 (5), p.57
  • Description: While global Gross Domestic Product (GDP) has increased more than three-fold since 1950, economic welfare, as estimated by the Genuine Progress Indicator (GPI), has actually decreased since 1978. We synthesized estimates of GPI over the 1950-2003 time period for 17 countries for which GPI has been estimated. These 17 countries contain 53% of the global population and 59% of the global GDP. We compared GPI with Gross Domestic Product (GDP), Human Development Index (HDI), Ecological Footprint, Biocapacity, Gini coefficient, and Life Satisfaction scores. Results show a significant variation among these countries, but some major trends. We also estimated a global GPI/capita over the 1950-2003 period. Global GPI/capita peaked in 1978, about the same time that global Ecological Footprint exceeded global Biocapacity. Life Satisfaction in almost all countries has also not improved significantly since 1975. Globally, GPI/capita does not increase beyond a GDP/capita of around $7000/capita. If we distributed income more equitably around the planet, the current world GDP ($67 trillion/yr) could support 9.6 billion people at $7000/capita. While GPI is not the perfect economic welfare indicator, it is a far better approximation than GDP. Development policies need to shift to better account for real welfare and not merely GDP growth.
  • Publisher: Rural Outreach Program
  • Language: English
  • Identifier: ISSN: 1684-5358
    EISSN: 1684-5374
    DOI: 10.1016/j.ecolecon.2013.04.019
  • Source: DOAJ Directory of Open Access Journals
    GFMER Free Medical Journals
    Alma/SFX Local Collection
    Bioline International
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