The Social Progress Index
In this video Michael Green discusses the fact that there is no clear correlation between GDP and social progress, providing empirical proof that “GDP is not our destiny”.
He shows that although GDP increases are hugely beneficial in poor countries when the money is well invested, the benefit of further GDP growth becomes less clear as countries get richer. After a certain point, the extent that more income impacts a country’s social progress depends on how that extra income is spent. So for wealthier countries, pursuit of growth is not necessarily a valid goal.
Why do you think some countries over-perform and some under-perform so drastically? Can you ever imagine a measure like this playing a greater role?
Reach your personal and professional goals
Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.
Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.
