Time has come for new indicators besides GDP

  • 2013•06•24     The Nation

    Excerpt from the article by Achara Deboonme:

    Professor Tony Addison, chief economist and deputy director of the United Nations University World Institute for Development Economics Research, lamented that while African women spend a lot of time tending their farmland, their activities are not captured in the countries’ GDP, unlike output from factories that hurt the environment.

    “We need an indicator that maximises good growth and minimises bad growth,” he said. “It’s not the measurement of income, but also the concentration of income of people in society.”