More than GDP: Measuring what Matters
Report of the 2011 round table on Measuring Economic Performance and Social Progress in Scotland.
This report explores the complex issues hidden behind two simple questions: what is Progress and what is Prosperity? It argues that GDP is an insufficient and misleading measure of whether life in Scotland is improving or not. It takes the findings of the 2009 Stiglitz Report, which emerged from the Commission set up by President Sarkozy to advise on how better to measure economic performance and social progress. It recommends that the new Scottish Government applies these to creating a performance framework better able to deliver, measure and report on economic performance, quality of life, sustainability and well-being. The report also shows that over-reliance on GDP as a measure makes it difficult for politicians to back policies that are good for society or the environment if they might hamper an increase in GDP.
