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QUESTION
OECD Newsroom, “OECD welcomes experts’ call on need for new measures of social progress”:
http://www.oecd.org/document/11/0,3343,en_21571361_44315115_43684683_1_1_1_1,00.html.
This press release outlines the procedures followed by the OECD commission in charge of
reviewing and improving current national statistics.
https://www.oecd.org/newsroom/
oecdwelcomesexpertscallonneedfornewmeasuresofsocialprogress.htm
Discussion Question: In the past, Gross Domestic Product (GDP) has been criticized as
inaccurate and lacking in measuring the true state of an economy and society. On the other hand,
based on the ‘Focus’ article, it would seem that maybe there is a link between major economic
indicators like unemployment and happiness. What do you think? What factors would you
suggest as alternates? Why did you pick factors? How would you suggest these factors should be
measured?
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