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Why is GNH more important than GDP?
Transcript of Why is GNH more important than GDP?
A countries development should also be measured in a citizens happiness. Bhutan's former king has been espousing the concept of gross national happiness since 1972, and the country adopted it as a formal economic indicator in 2002. Gross domestic product is not a measure of human well being, it is simply a measure of goods and services exchanged in a market-place at a given time in a given country. It is based on that the measurement of "wealth" should consider other aspects besides economic development For example:
The preservation of the environment and the quality of life of the people.
The goal of society should be the integration of development with psychological, cultural and spiritual aspects. All in harmony with the earth.
The concept of GNH is that every human being aspires for happiness. However There had to be a way to balance the economical with the spiritual well being of the people However GDP really only measures one thing -- money GDP has become a valuable tool for evaluating how well or poorly an economy's doing at a certain point in time. For some people this indicator tells them everything they need to know Gdp is applied to measure the total value of all goods and services produced in a nation within a given year (cc) image by nuonsolarteam on Flickr Gdp is a reliable indicator of economic wealth But for others money can be one in many factors that determine an economy's health There are more important things to consider like happiness, for example. GNH GDP (cc) photo by medhead on Flickr it does not measure or account for so many things that are important to the well-being of a human individual fundamental need of the human individual "The ultimate goal of every human individual, is happiness, so then it must be the responsibility of the state, or the government, to create those conditions that will enable citizens to pursue this value, this goal".
Prime Minister of Bhutan, Jigmi Y. Thinley GDP “does not adequately reflect the happiness and well-being of people in a country.”
Prime Minister of Bhutan, Jigmi Y. Thinley So, is GDP better than GNH?