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Thread: Inexcusable!
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31st August 2017 #1Respected Member
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If anyone is interested in seeing which 9 economies are growing quicker than the Philippines then here's the link
https://www.weforum.org/agenda/2017/...ies-in-2017-2/
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31st August 2017 #2Trusted Member
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I tend to agree with this anyway:
Originally Posted by SimonH
If anyone is interested in seeing which 9 economies are growing quicker than the Philippines then here's the link
https://www.weforum.org/agenda/2017/...ies-in-2017-2/
'The pitfalls of using GDP
GDP has been has been widely used over the years to measure economic progress. But many argue that it’s not a useful indicator. Nobel Prize winning economist Joseph Stiglitz, IMF head Christine Lagarde and MIT professor Erik Brynjolfsson have all said GDP is a poor indicator of progress, and argued for a change to the way we measure economic and social development.
Alternatives could include measuring jobs, well-being and health. GDP also ignores the impact of important things like climate change'.
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