I've just read a really
riveting article about economic growth.
Nobel-prize winning economists Joseph Stiglitz and Amartya Sen have admitted that GDP
does not capture the human condition and
urged the creation of different tools to gauge the wellbeing of
nations. This is why countries like Bhutan have adopted the
gross national happiness
in place of gross domestic product to calculate progress. We need to
create measures beyond GDP, and economies beyond the global supermarket,
to rejuvenate real wealth. We need to remember that the real currency
of life is life itself.
What are your thoughts?
Do you agree with the author,
Vandana Shiva, when she says "The dominant model of economic development has in fact become anti-life.
When economies are measured only in terms of money flow, the rich get
richer and the poor get poorer. And the rich might be rich in monetary
terms – but they too are poor in the wider context of what being human
means."?
That's true, its time we change our mindset as time changes. If we use product development, the 4 Ps have been changed to the 4 Es. Time to change and bring the consideration of our citizens into every framework that is dveloed to promote growth.
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