Dissatisfaction with the Gross Domestic Product (GDP) as an indicator of a country's development or a population's wellbeing led to the development of the Genuine Progress Indicator (GPI). The GPI is an aggregate index of over 20 economic, social and environmental indicators, and accounts for both the welfare benefits of economic growth, and the social and environmental costs which accompany that economic growth. The result is better information about the level of welfare or well-being of a country's population.
This book measures the GPI of Hong Kong and Singapore from...
Dissatisfaction with the Gross Domestic Product (GDP) as an indicator of a country's development or a population's wellbeing led to the development...
