Beyond GDP

Stiglitz, Joseph E.; Fitoussi, Jean‐Paul; Durand, Martine

doi:10.1787/9789264307292-en

Cited by 258 publications

(226 citation statements)

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“…Notably, this discourse is often characterized by commentators as "anti-growth". More recent work by Stiglitz et al [35] negates this claim, stressing that anti-growth is not the philosophy underlying "GDP and beyond". Rather, that GDP cannot measure progress if it is not measuring what is important to society.…”

Section: Critiques Of the Globally Accepted Measure Of Gdp And Alternmentioning

confidence: 99%

“…Inclusive Wealth Report Measuring Progress Toward Sustainability [31] Social Progress Index [32] Net National Product, Wealth, and Social well-being, Environment and Development Economics [33] Multidimensional Poverty Index [34] Alternative measures to the GDP have led to an international debate -"Beyond GDP" [35]. Notably, this discourse is often characterized by commentators as "anti-growth".…”

Section: Critiques Of the Globally Accepted Measure Of Gdp And Alternmentioning

confidence: 99%

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National progress, sustainability and higher goals: the case of Bhutan’s Gross National Happiness

Thinley¹,

Hartz-Karp

2019

Sustain Earth

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Background: The context of this study is the predominant global paradigm for measuring national progress, the Gross Domestic Product (GDP), which has resulted in an over-emphasis on production and consumption that in turn, is exhausting the planet's capacity to sustain life. This study examines the potential for a new paradigm of development that can propel human society in a more meaningful, sustainable direction.Results: Critiques of the GDP are overviewed, but the key critique is that if sustainability, human survival, is our key goal, then GDP, aiming at boundless material wealth, is driving us in the wrong direction. To drive a new sustainable, more meaningful way of life, we need an overarching paradigm with integrated, localized indicators that are internationally accepted as the measures of each nation's progress. Bhutan's Gross National Happiness (GNH) Index exemplifies this. Based on the lived experience of a key GNH instigator, its nine domains are explained: Living standard, Health, Education, Ecological diversity and resilience, Cultural diversity and resilience, Community vitality, Time use, Psychological wellbeing, and Good governance. These have informed and been informed by the Sustainable Development Goals. It is outlined how the GNH Index guides development, allocates resources according to the targets set, measures people's happiness, and measures progress over time and geography. Conclusion:The economic paradigm underlying the GDP -that the purpose of life is to become rich -is enabling our unsustainability. To enable future sustainability, we need to reconceptualize our concept of national progress. Moreover, since sustainability is effectively a euphemism for survival, then surely, as intelligent, sensitive beings, shouldn't we be pursuing a higher, shared goal? For the Bhutanese, this is 'happiness' -a paradigm that encompasses the pursuit of meaningful societal progress by balancing the physical with mental, the material with spiritual, within a safe and stable environment, with the purpose of realizing happiness. Though the Bhutanese do not claim to have reached a state of national happiness, Bhutan has maintained happiness as its overriding goal, with the tool's philosophy, authority and accountability driving this in everyday life.

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Section: Critiques Of the Globally Accepted Measure Of Gdp And Alternmentioning

confidence: 99%

Section: Critiques Of the Globally Accepted Measure Of Gdp And Alternmentioning

confidence: 99%

National progress, sustainability and higher goals: the case of Bhutan’s Gross National Happiness

Thinley¹,

Hartz-Karp

2019

Sustain Earth

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“…A comprehensive set of integrated indicators is likely to be most effective at providing measures for policy purposes. Given that the majority of policy makers and researchers acknowledge the importance of economic indicators per se that provide the basis for systems of national economic accounts worldwide, and are essential to economic management, the preferred option of the Beyond GDP agenda is to develop a dashboard of well-being measures to complement GDP and other economic indicators, rather than discard or modify the concept itself (Stiglitz et al, 2018(Stiglitz et al, , 2009a(Stiglitz et al, , 2009b.…”

Section: Beyond Gdpmentioning

confidence: 99%

Tourism development and sustainable well-being: a Beyond GDP perspective

Dwyer

2020

Journal of Sustainable Tourism

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The Beyond GDP approach to development is gaining widespread support from policy makers and researchers worldwide. While not formulated specifically for tourism activity, the approach serves as a guide to measuring the current and future well-being of destination residents associated with tourism development. Inspired by the Beyond GDP approach, a framework comprising the main dimensions of well-being is argued to provide valuable input into an action agenda to achieve sustainable tourism development. The paper discusses some key responsibilities of tourism industry stakeholders structured according to several different senses of 'beyond' that characterise the Beyond GDP research agenda. The paper concludes that research on destination tourism development can learn much from the Beyond GDP approach in respect of conceptual advance, industry practice and policy implementation.

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“…Almost a decade ago, the International Commission on the Measurement of Economic Performance and Social Progress published a report, 'Mismeasuring Our Lives: Why GDP Doesn't Add Up'. Since then, 'Beyond GDP' is now the rallying cry of countries, putting people before profits to measure wellbeing based on a new index that includes hitherto neglected components-to correct wrong diagnoses and misguided economic and social policies (Stiglitz 2019). FDIs by TNCs are deemed to contribute to economic growth but it is time to subtract from these metrics the ecological impacts of operations.…”

Section: Proactive Strategies For Adaptation Through Tncs' Human-centmentioning

confidence: 99%

Globalisolationism and its Implications for TNCs’ Global Responsibility

Ahen

2019

Humanist Manag J

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The complex structure of the tragic aspects of globalization has been accounted for in extant literature. What remains unclear is how deglobalization, isolationism and all the radically disruptive movements and politics in-between will shape transnational corporations' (TNCs) organizational practices. The purpose of this study is to interrogate and problematize the implications of anarchic 'globalisolationism' vis-à-vis the atlas of insurrection and the TNCs' global responsibility towards human-centric management practices. We situate our analysis in the heavily politicized and contested discursive space of emergent global geopolitical and environmental tensions and the global quest to reclaim dignity, freedoms, right to resources and decisions-stakeownership. 'Globalisolationism' is conceptualized as a radically non-compromising coexistence of globalization and isolationism by design, aided by new information technologies, reactivated mass consciousness and slack political resources. It is characterized by the radical pursuit of new deals within the global geopolitical and economic order; renegotiation of existing deals for resource appropriation and democratic space for the marginalized; the collapse of the old political order via auto-implosion as a beneficial constraint; and the defence of the status quo in global resource and environmental governance due to 'translocal' insurrection. Therefore, the paper suggests how TNCs' current modus operandi could be transformed into responsible human/environmentcentric organisational practices to accommodate emerging sociopolitical and environmental challenges. It further highlights the implications for novel game-changing policies and political action by 'subaltern' societies and their metamorphosis from victims of planetary vandalism to stakeowners with sovereignty over their resources.

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Beyond GDP

Cited by 258 publications

References 0 publications

National progress, sustainability and higher goals: the case of Bhutan’s Gross National Happiness

National progress, sustainability and higher goals: the case of Bhutan’s Gross National Happiness

Tourism development and sustainable well-being: a Beyond GDP perspective

Globalisolationism and its Implications for TNCs’ Global Responsibility

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