GDP Archives

How to get out of the debt trap? Navigating the global financial turmoil

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Jean-François Serval and Jean-Pascal Tranié advocate for the conversion of public debt into equity in productive businesses, fostering innovation and economic growth.

Global economies faced a precarious cycle of recovery pre-pandemic, marked by currency imbalances and interest rate cuts, resulting in a staggering 300 trillion USD global debt burden. Urgent reform of the international monetary system is necessary to address escalating geopolitical crises and economic vulnerabilities, requiring coordinated efforts and a shift towards inclusive and resilient frameworks. Renowned French experts Jean-François Serval, […]

Considering environmental impact in happiness rankings

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Emeritus Professor Yew-Kwang Ng, a leading MalaysianAustralian economist has a particular interest in welfare economics – the optimal allocation of economic resources, goods, and income to best improve the overall good of society. While many may see a country’s GDP and its per capita values as measures of its success, Ng is concerned with its citizens’ overall wellbeing, and their happiness is key to that.

Most, if not all, people want to live a happy life, so surely a measure of a country’s success as a nation is how happy its citizens are? Most international success indices rank countries according to how they perform against various measures and include happiness as a key value, but fail to include the cost, especially to others. Emeritus Professor […]

Nature as an asset: Natural capital in ‘FutureCity’ Shimokawa

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Professor Mitsuru Osaki and Mr Takashi Kasuga have developed a way to quantify natural capital, measuring the town of Shimokawa in Japan.

Natural capital provides the goods and services that sustain humankind, but accurately quantifying it remains problematic. Professor Mitsuru Osaki (Hokkaido University) and Mr Takashi Kasuga (NPO FutureForest Institute) have addressed this issue by focusing on Shimokawa, a town in northern Hokkaido, Japan. Shimokawa aims to achieve economic stability by using its forest resources. Quantifying 19 variables related to agriculture and […]