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The Power of GDP and its Limitations

  • Thirty years ago, the Fourth King of Bhutan famously proclaimed that ―Gross National Happiness is more important than Gross National Product, thereby setting Bhutan on a holistic development path. Following this historic declaration, Bhutan developed a Gross National Happiness (GNH) Index and screening tool to evaluate all new policies, proclaiming that: ―Gross National Happiness measures the quality of a country in more holistic way [than GNP] and believes that the beneficial development of human society takes place when material and spiritual development occur side by side to complement and reinforce each other. In July 2011, 68 nations joined Bhutan in co-sponsoring its UN General Assembly resolution on ―Happiness: Towards a Holistic Approach to Development.

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Author:Johannes HirataORCiD
Title (English):The Power of GDP and its Limitations
Parent Title (English):Happiness - Transforming the Development Landscape
Document Type:Part of a Book
Year of Completion:2017
Creating Corporation:The Centre for Bhutan Studies and GNH
Release Date:2020/05/28
First Page:379
Last Page:393
Faculties:Fakultät WiSo
DDC classes:300 Sozialwissenschaften / 330 Wirtschaft
Review Status:Veröffentlichte Fassung/Verlagsversion