Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-450-500"
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"en.20110608.20.3-450-500"2
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"The neoliberal guidelines and policies implemented by the EU have endangered social progress and inflicted severe blows on Europe’s peoples. The exacerbation of social inequalities in the countries of the EU, which are currently reaching worrying levels, is a telling example of this. This is something we should keep in mind when we analyse development and progress indicators, as this report does.
Gross domestic product (GDP) is frequently used as a basis for assessing these two factors – development and progress – and is a statistical indicator with natural shortcomings. By taking into account only economic activity – wealth creation – and being useful, therefore, in determining economic growth, it does not cover parameters as important as wealth distribution, social inequalities, the quality of goods and services, non-commercial transactions or even outcomes not recorded by the market, which are essential to the assessment of development and progress. In many situations, GDP can increase while the majority of a country’s citizens become poorer, because GDP does not take into consideration the level of inequality in a society.
For all these reasons, it becomes necessary to take into account any other indicators that might overcome these shortcomings so as to make social progress measures as complete, credible and close to reality as possible."@en1
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