S/E/38. At present, the rate of growth of GNP is the main indicator used to tell us how well the economy is performing. What is wrong with GNP as the indicator of economic success from environment point of view? What alternatives indicators would you suggest?
(2004, 1900 words)
Economic growth is a process stretching over the years and to track the growth or decline we need to have a measure to record the movement. Some of the commonly used indicators of growth used are GDP, GNP, and consumption per capita. While, GDP/GNP are used so commonly they are misleading and have major problems attached to them when we look from environmental point of view. This report looks at some of the problems and identifies some of the alternatives we could use
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