Presidian Blog
Outgrowing GDP: An Imperfect Measure Misses What Matters
In sports, it’s easy to figure out whether a team is ahead or behind: You just need to look at points, runs or goals scored. If only another score keeping measure—the one used to determine a country’s economic well-being—gave us such clear results. Instead, Gross Domestic Product (GDP) provides a “score” that’s inaccurate or incomplete …