Green National Product
Measures of national income and output, Environmental degradation, Measures of national income and output
978-613-7-21436-7
6137214362
56
2011-10-01
29.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Many economists, environmentalists, and citizens have recently criticized the Gross National Product. The criticism stems from the fact that this measurement of national product does not account for environmental degradation and resource depletion. A new approach to the situation of allocating these omitted environmental features in the national product has been the advent of the Green National Product. The Gross National Product (GNP) measures the welfare of a nation’s economy through the aggregate of products and services produced in that nation. Although GNP is a proficient measurement of the magnitude of the economy, many economists, environmentalists and citizens have been arguing the validity of the GNP in respect to measuring welfare. Joseph Stiglitz, Nobel Prize winning economist, states that this standard measurement for any national economy has become deficient as a measure of long-term economic health in our recently resource-driven and globalizing world.
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