An alternative to GDP that factors in our wellbeing
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Douglas Beal |
TED@BCG London
• June 2015
Most economists agree that GDP, the most widely used measure of a country's success and growth, is a poor indicator of the overall wellbeing of a nation. Doug Beal created an alternative index that measures not just wealth but wellbeing. The new gauge takes into account such factors as income equality, sustainability and education. Beal shares insights on the development of the index and reveals how it offers a new perspective on which countries are the real winners and losers in the global economy.