Ensuring national prosperity requires a shift in thinking from the short term to the long term. This shift must be supported by the right tools to allow policy-makers to make decisions that benefit future generations as much as the current ones. For decades, policy making has focused on growth in gross domestic product (GDP).
Yet GDP is a short-term indicator that captures only what is happening in the market economy, ignoring the costs of economic activities on nature, society, and the well-being of future generations. Measuring progress with tools that go beyond short-term indicators such as GDP is therefore essential for assessing the nation’s future well-being and sustainability. Here, we discuss how a measure known as comprehensive wealth can serve as an important counterpoint to GDP.
The International Institute for Sustainable Development, in collaboration with the Institute for Economic and Social Research at the Faculty of Economics and Business, University of Indonesia; the Ministry of National Development Planning/National Development Planning Agency of the Republic of Indonesia; the SDGs Hub, University of Indonesia; and the International Development Research Centre (IDRC), has published the Comprehensive Wealth Report for Indonesia.
Read more at the following link:
Short Report:
Long Report:
