Author: Joe Farrugia

We need to talk about gross domestic product. The measure is a useful indicator of the value of goods and services produced in a country but total productivity does not tell the whole story about a society’s well-being. Higher output does not necessarily make for better quality of life and the financial worth of goods and services is not enough to truly assess a nation’s success. GDP does not account for the non-monetary factors that determine the well-being of the economy, especially in the longer term. Activities and circumstances that may undermine competitiveness, such as loss of arable land or…

Read More