As I mentioned in a previous post, it is concern of mine that measurements in human progress and economic growth focus so heavily on GDP or GNP, the amount of materials produced, consumed, and so forth.
As it turns out, this concern is held by many of the world’s economists and policy makers. Take this article by the European Commission, one of the governing bodies of the European Union, as an example:
“EU seeks new tools for measuring economic performance that give more weight to
social and environmental aspects of wellbeing.” http://ec.europa.eu/news/economy/090908_en.htm
In other economic news, Thailand is preparing to stimulate its economy via a massive influx of Thai Baht into local programs. This influx of cash is meant to boost a “three-year investment program on transportation, health and education projects” in order to prop up and increase economic growth and stability.
See Full Text.
Chook dii ka (best wishes) on the project. For a country struggling in the past decade to cohesively back its governing body, I hope there is at least a unified agreement that investment in transportation, health, and education is a win-win situation regardless of percentile economic shifts. In fact, in the U.S. it is a shame to see continued budget cuts in education as economic times become tougher –perhaps times of economic hardship are the most neccessary times to more fully educate the masses, the future generations of people that will someday lead our country.