Business News

The search for an alternative to GDP to measure a nation's progress – the New Zealand experience

Written by Murray Graham Patterson, Professor in Ecological Economics, Massey University

New Zealand's well-being budget was based on a set of measures that include cultural identity, environment, income and consumption, and social connections. from www.shutterstock.com, CC BY-ND

There is consensus among New Zealand policymakers and researchers that GDP is not a good measure of a nation’s well-being. But the debate about what...

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