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-NDThere 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...
