Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-449-375"
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"en.20110608.20.3-449-375"2
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"Indicators are a concise way of interpreting a given phenomenon. Simple phenomena can be interpreted using simple indicators, while complex phenomena require complex indicators. Gross domestic product is a simple indicator, while development is a complex phenomenon. Indeed, the economic development of an area has various dimensions that are not included in GDP, which takes a snapshot of a given moment. Other elements of interpretation are totally neglected, such as investment in intangible infrastructure, including know-how (people, processes and products, to mention just a few examples), and investment in tangible infrastructure, including communication and transport networks (ICT networks and road and rail networks, for example). In addition, GDP is not even suitable for identifying regions assisted by EU regional cohesion policy. For these reasons, the European Commission’s efforts to go beyond GDP and create a series of data and indicators that will improve its ability to interpret phenomena and help to better define policies and financial allocations should be commended. The report that we have adopted seems to me to be moving in this direction."@en1
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