GDP as a primary economic measure is now over eighty years old - and the world has changed beyond all recognition during this period. Is GDP therefore still fit for purpose and, if not, what should be used to replace it?
The webinar explored what we mean by economic success, the role that GDP plays in this, and the potential for broader measures of economic success to help us balance our economic priorities, our social goals, and the constraints imposed on us by the natural environment we live in.
Speaker Chris Brock from Critical Economics presented not only the arguments for and against GDP, but also discussed what other measures could be used in its place. He will made particular reference to Guernsey and highlighted what other smaller communities are doing to measure economic success.
You can watch the webinar here.