Experts call on the G7 to adopt new conception and measures of prosperity

Tue, 19 Jul 2022 05:42:26 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.think7.org/experts-call-on-the-g7-to-adopt-new-conception-and-measures-of-prosperity/>

"Renowned experts from all G7 countries and around the world launch a Call for
Action to the G7 at the 2022 G7 Summit in Elmau, Germany. The Call urges the G7
under the German G7 Presidency to show leadership in rethinking progress and
adopting new measures of prosperity that move beyond GDP as a key policy
yardstick. The group of global experts, from institutions such as Oxford
University, ADBI, ISPI, GSI, Yale, IISD, PSE, describe the devastating
consequences that the primacy of GDP as goalpost indicator has had, including:
“Grand societal and global challenges ranging from pollution, climate change,
and biodiversity loss, through debt crises, to widespread and growing
inequalities and social divides.” Rather than the traditional narrow focus on
GDP, the authors call on the G7 to measure prosperity through internationally
comparable metrics covering

* Social Well-Being;
* Economic Well-Being; and
* Environmental Sustainability

The German G7 Presidency, which has set itself the goal “to achieve tangible
improvements for the people”[1], has a unique opportunity to recouple the
social, economic, and environmental dimensions of well-being and track the
progress of nations through new metrics. An appropriate balance across these
dimensions will help achieve equitable, inclusive, and sustainable outcomes
aligned with the Sustainable Development Goals and respecting the earth’s
resources."

Via Mei Lin Fung.

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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