NUS Economists: GDP still relevant in assessing well-being

Thursday, 8 May 2014

The Straits Times

This was an article contribution by Visiting Associate Professor Suresh De Mel from the Department of Economics at NUS Faculty of Arts and Social Sciences, on the relevance of using gross domestic product (GDP) to assess well-being. Assoc Prof Suresh opined that while income is still a vital and necessary aspect of well-being, GDP is not all-sufficient and there is a need to improve upon the methodologies of alternative measures and to consider a variety of measures which capture different aspects of well-being rather than focusing on a single metric.

The article is part of a monthly series “Ask: NUS Economists” by the NUS Department of Economics. Each month, a panel will address a topical issue.

Click here to read the full article.

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