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Progress Indicators (Challenges (Does not include the environment, Does…
Progress Indicators
Challenges
Does not include the environment
Does not include economic inequality
Not a great indicator of actual growth
Potentially harmful decisions can raise GDP
Gross National Happiness GNH
Example
Bhutan
One of the poorest countries
Conservation & sustainability are center of political aggenda
4 pillars of belief system
Sustainable & Equitable Socio-Economic Development
Environmental Conservation
Good Governance
Preservation & Promotion of Culture
Still being impacted by climate change because they cannot do the work alone
9 Domains
Cultural Resiliance & Promotion
Living Standards
Education
Health
Environment
Good Governance
Psychological Well-being
Time Use
Community Vitality
Common Variables of Happiest Countries
GDP per capita
#
Healthy years of life expectancy
Social Support
#
Trust
Perceived freedom to make life decisions
Generosity
Genuine Progress Indicator (GPI)
Puts a price on the unpriceable
Tries to make prices consistent for comparison
Includes social well being
Measures include
Leisure time
House cleaning
Education
Spending time with kids
Commuting to work
Challenges
Difficult because of subjectivity
#
Uses monetary value to measure non-monetary items
Alternative Progress Indicators can be developed in social labs
Emerging forms of capital
Physical Capital
System change requires infastructure required to deliver services
Social Capital
System change requires networks organizing themselves
Human Capital
System change requires competencies
Intellectual Capital
System change requires knowledge & understanding of what needs to be changed
Organizations need to focus on all forms of capital, not a single form
Difficult to develop alternatives due to habitus
Systemic pressures to continue using business as usual (BAU) methods
More than a habit
Gross Domestic Product (GDP)
Measures total dollar value of goods & services sold in a country in a year + exports - imports
Benefits
Standard measure right now - easy to compare
Benefits
Accounts for inequalities