What is Beyond GDP?
Beyond GDP is an organization that studies the environmental and social performance of nations. It was founded in 2008 by economists and environmentalists who were concerned about the shortcomings of GDP as a measure of societal progress.
Beyond GDP’s research has shown that GDP growth does not always lead to improved living standards. In fact, GDP growth can sometimes lead to environmental degradation and social inequality. Beyond GDP’s goal is to promote sustainable development by measuring and reporting on a country’s environmental and social performance.
What are the Limitations of GDP?
GDP is a measure of a country’s economic activity. It does not take into account the environmental or social impacts of that economic activity. For example, GDP does not account for the pollution caused by manufacturing or the greenhouse gases emitted by factories. It also does not account for the social costs of crime or the negative health effects of pollution.
In addition, GDP does not reflect the distribution of income. A country with a high GDP per capita may have a large number of people living in poverty. Conversely, a country with a low GDP per capita may have a small number of people living in poverty.
Finally, GDP does not take into account the value of leisure time or the quality of life. A country with a high GDP may have a low quality of life if its citizens have to work long hours and do not have time for leisure activities. A country with a low GDP may have a high quality of life if its citizens have more leisure time and can enjoy a healthy environment.
What are the Alternatives to GDP?
There are a number of alternatives to GDP that have been proposed by economists and environmentalists. These include the Genuine Progress Indicator (GPI), the Human Development Index (HDI), and the Ecological Footprint (EF).
The GPI is a measure of economic progress that takes into account environmental and social factors. The HDI is a measure of human development that takes into account health, education, and income. The EF is a measure of the ecological impact of human activity.
What is the Future of Beyond GDP?
Beyond GDP is working to promote sustainable development by measuring and reporting on a country’s environmental and social performance. It is also working to raise awareness of the limitations of GDP and the need for alternatives. In the future, Beyond GDP plans to continue its research and advocacy work in order to help create a more sustainable world.