Pure economic growth neglects many, privileges the few

Global preoccupation with GDP makes it difficult to shift toward an economy framed around sustainability. : Michael Joiner, 360info CC BY 4.0

A wellbeing economy places people and the planet at the centre of creating a healthier society.

Gross domestic product (GDP) is arguably the most commonly used measurement of productivity and growth, but it ignores one key element of society — our wellbeing.

A wellbeing economy places people and the planet at the centre of creating healthy, fairer and more prosperous societies — moving away from just measuring economic growth and productivity.

With rising costs of living and a looming global recession, 360info looks into the development of wellbeing-oriented policies across countries.

Governments can measure progress differently and incorporate policies that benefit more people, whilst considering the planet we live in.

As long as they focus on inclusivity, participation and equity.

Originally published under Creative Commons by 360info™.

Editors Note: In the story “WELLBEING ECONOMY” sent at: 05/06/2023 07:11.

This is a corrected repeat.