Untitled-2.jpg
0
0
Subtotal: $0.00

No products in the cart.

Return To Shop
Taking the “Gross” Out of GDP and Adding ISEW

Taking the “Gross” Out of GDP and Adding ISEW

Current Status
Not Enrolled
Price
$19.99
Get Started
or

Please Note: We have listed this article/course as a flipbook on this page for those interested in auditing the material. If you are needing Continuing Education (CE) or a certificate of completion, please enroll in the course or get a Platinum membership and access all our courses at your leisure. Enrolled students must take and pass the short quiz to earn CE credits. In addition, this course needs to be self-reported. Self-reporting information will be accessible once you complete the quiz.

Gross National Product (GDP) is the common global metric for measuring economic growth, but it does not include the costs of development. The Index of Sustainable Economic Welfare (ISEW) seeks to add the costs of achieving GDP to reflect the social and environmental harm that growth incurs. The ultimate goal is to achieve a Steady State Economy, defined as a state of dynamic stability in which development is balanced with the positive and negative impacts that growth causes. The ISEW calculation begins with GDP and to that is added and subtracted all the factors reflecting the true impact on human lives and the environment. The ISEW is more complex which has slowed its adoption on a global basis. However, it has critics that believe it is too subjective. The long-term trend is increased adoption on a country-by-country basis which could eventually lead to its recognition as the global standard.

 

 

Diana Webb

Articles

    Scroll to Top
    GBRI is your #1 source for sustainability education with more than 400+ courses to choose from!
    gbri-logo

    Welcome back!

    Login to access your sustainability courses, certificates, badges, community and more!

    GBRI

    Annual Day Sale

    March 15 to April 15 - 2024

    The journey to become a sustainability guru begins here!
    Jeslin Varghese
    gbri-logo

    Sustainability education should not have any boundaries!

    Register now to get started.

    OR REGISTER WITH