G.D.P -STUDENTS- G.D.P : BOY O' BOY COMPREHENSION

!WOW! G.D.P IS A HOPELESSLY flawed metric. The World Students Society has set about research - seeking alternatives. In Reconciliation of the Total Optima, !WOW! is considering including The Welfare of the Students, Health and of course Peace.

It's no secret that gross domestic product, the number that serves as a measure for economic progress around the world, is hardly a barometer of human flourishing.

EXAMPLE : It registers the harvest of a forest as a number income, for example, without resulting erosion and water quality degradation.

EXAMPLE : It measures spending on hospitals,  but not people's / students health. An authoritarian regime might score well, even if it hoards wealth and its median citizen lives in poverty.

For decades, economists have tried to devise an alternative metric to capture a broader picture of prosperity, which would change the goals that nations try to achieve.

Committees have been convened and international institutions have introduced indexes and frameworks to assess vulnerability, well-being and natural capital.

But none has gained widespread favor. So last year, the United Nations set up, a commission to design a more focused set of indicators that could finally take away some of the attention paid to G.D.P.

The result, released this month is a dashboard of 31 metrics grouped in four buckets  representing peace and human rights, sustainability, quality of life and inequality.

It includes the share of people who feel comfortable walking in their neighbourhoods after dark, the wealth share of the richest 1  percent and the number of conflict-related deaths per 100, 000 people.

The dashboard is more concise than the hundreds of data points underpinning the Sustainable Development Goals the United Nations set in 2015.

Antonio Guterres, the U.N. secretary general, whose term ends this year, called the new dashboard a complement to G.D.P. and beseeched delegates to take it up in their own countries.

'' The report is also a call to action : Let's count what matters,'' he said.

This Master Innovative Essay continues. !WOW! thanks Lydia Depillis.