Beyond GDP: UN looks at alternative measures of the wealth of nations

  • 2014•05•18     The Independent

    Excerpt from the article by Cahal Milmo:

    Professor Anantha Duraiappah, of the UN University, which is co-hosting the symposium, said: “New research has begun to show that people often value non-material wealth just as highly, if not more, than monetary wealth.

    “Moreover, as countries develop, there are diminishing returns to quality of life from economic output.

    “Indeed, the relationship becomes increasingly contentious and questionable. Growing inequality within and across nations is becoming a force for social tension and conflict in developing and developed countries alike,” she added.