Why not replace GDP?
This is a comment on Katharina Lima de Miranda and Dennis Snower’s multidimensional approach for the assessment of human well-being. It applauds the authors for looking “beyond GDP” but urges them to go one step further and replace GDP as a measure of material well-being by growth national income an...
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| Main Author: | |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
March 12, 2021
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| In: |
Global perspectives
Year: 2021, Volume: 2, Issue: 1, Pages: 1-8 |
| ISSN: | 2575-7350 |
| DOI: | 10.1525/gp.2021.21364 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1525/gp.2021.21364 Verlag, lizenzpflichtig, Volltext: https://online.ucpress.edu/gp/article/2/1/21364/116463/Why-Not-Replace-GDP 
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| Author Notes: | Markus Lang |
| Summary: | This is a comment on Katharina Lima de Miranda and Dennis Snower’s multidimensional approach for the assessment of human well-being. It applauds the authors for looking “beyond GDP” but urges them to go one step further and replace GDP as a measure of material well-being by growth national income and actual individual consumption. Unlike GDP, these alternative measures for material well-being can be used to single out activities by multinational entities that are largely unrelated to domestic well-being. I will show that multinational entity activities, like the relocation of corporate headquarters and IP assets to Ireland and Luxembourg, have grown in such a substantial way in recent years that they can bias assessments of both material and human well-being. |
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| Item Description: | Gesehen am 23.06.2025 |
| Physical Description: | Online Resource |
| ISSN: | 2575-7350 |
| DOI: | 10.1525/gp.2021.21364 |