"Inclusive Wealth" GDP Alternative Debate
This is a Unep news story, published by PONDERWALL - Distilling Knowledge From Deluge, that relates primarily to the World Bank news.
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GDP alternativePONDERWALL - Distilling Knowledge From Deluge
•GDP Alternatives Are Languishing Over a Technical Disagreement
89% Informative
Inclusive wealth ascribes a value to the assets a nation has produced that generate well-being, and measures how they are changing over time.
When inclusive wealth per capita is going up, the future wellbeing of the population will go up.
This may explain why inclusive wealth has yet to be adopted in any serious way by any major economies.
As many as 34 of the countries that the World Bank says have growing inclusive wealth per capita are in decline according to Unep .
Unless this measurement problem can be resolved, it’s difficult to see countries taking inclusive wealth seriously as a GDP alternative.
That could have serious consequences in the battle to make economic development sustainable.
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