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Proposes an new strategy for the beyond-GDP community which aims to replace the economic paradigm centred on Gross Domestic Product (GDP) by 2030.
List of contents
Part I. Why A New Strategy Is Needed; 1. Replacing the most influential indicator in the world; 2. Why is GDP successful?; 3. What does GDP measure (and what does it not)?; 4. Why is beyond-GDP not successful?; Part II. The New Strategy: A Community for Well-being and Sustainability: 5. Outline of the strategy; 6. Global environmental accounts (GENA); 7. Global societal accounts (GSA); 8. Global economic accounts (GECA); 9. Global distribution accounts (GDA); 10. Global quality accounts (GQA) and quality indicators; 11. Implementation of the strategy.
About the author
Rutger Hoekstra has worked on well-being and sustainability from an academic, governmental and business perspective. He has worked with the United Nations, OECD, World Bank, European Commission, European Central Bank and other international organisations. He was the co-chair of the UNECE/OECD/Eurostat Task Force which developed the Conference of European Statisticians Recommendations on Measuring Sustainable Development. He has lectured at various universities and published numerous publications on sustainable development, globalisation, circular economy and big data applications. He was also Scientific Director of the KPMG True Value methodology at KPMG Sustainability. Rutger Hoekstra is now the owner of MetricsForTheFuture.com, which provides consultancy services to governments, international institutes and companies on Beyond-GDP and Beyond-Profit.
Summary
Gross domestic product (GDP) is the world's dominant indicator, yet it is well known that it is not a good measure of society's wellbeing or sustainability. For decades, beyond-GDP alternatives have been conceived but with negligible impact. Hoekstra proposes a new strategy for the beyond-GDP community which aims to replace the GDP paradigm by 2030.
Additional text
'The beyond-GDP discussion has been raging on for decades, and progress has been slow. Drawing upon years of experience as a high-level international statistician, Rutger Hoekstra offers an original and highly informed view from the trenches on the why and how. His innovative and ambitious proposal for a way out deserves to be widely read and discussed.' Marcel Timmer, Director of the Groningen Growth and Development Centre (GGDC), Rijksuniversiteit Groningen
