Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-441-500"
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"en.20110608.20.3-441-500"2
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"I voted in favour of this resolution on GDP and beyond – Measuring progress in a changing world. GDP is an indicator of economic market activity that has become a standard benchmark used by policy makers throughout the world. It is necessary to emphasise that GDP is a measure of production and does not reflect environmental sustainability, resource efficiency, social inclusion or social progress in general. Furthermore, it can be misleading in the sense that remedial measures following certain incidents such as accidents and natural disasters are treated as a benefit instead of a cost. I therefore welcome the provision set out in the resolution that we need to develop additional indicators for measuring medium and long-term economic and social progress, and to establish clear and measurable indicators that provide information on climate change, biodiversity, resource efficiency and social inclusion. We also need to develop indicators that reflect the household level more accurately: income, consumption and wealth. It is therefore important to develop a tool to complement GDP. It should be developed so that it can be applied in a practical way, using clearly defined indicators and relying on high-quality data."@en1
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