\n

\n The concept of Gross Domestic Product (GDP) was developed by Simon Kuznets in 1937 and has been used almost universally since that time. The World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas. Current reasoning holds that the traditional measure of economic success, Gross Domestic Product or GDP, is too narrow and does not capture true economic well-being, especially in a Post Covid world. \u00a0Accordingly, the Forum has developed a Dashboard\/Scorecard in four dimensions found in their brochure,\u00a0World Economic Forum, as follows.\n <\/p>\n

\n Prosperity:\u00a0Updated GDP, Income and Wealth, Financial Resilience\n <\/p>\n

\n The Planet: Energy Mix and Emissions, Distribution Issues, Natural Resilience\n <\/p>\n

\n People:\u00a0Human Capital – education and skills, Public Health, Social Resilience\n <\/p>\n

\n Institutions:\u00a0Institutional Context\n <\/p>\n

\n Please outline for this discussion board three ways the new measures the Forum has developed are superior to the historic model of GDP. Compare the two. Begin with a brief introduction that explains to your readers what you aim to explain. Follow through with well-written paragraphs that logically support what the Forum is attempting to do. Be sure to include footnotes to your research.\n <\/p>\n

\n Resource: World Economic Forum link\n <\/p>\n

\n chrome-extension:\/\/efaidnbmnnnibpcajpcglclefindmkaj\/https:\/\/www3.weforum.org\/docs\/WEF_InstitutionalBrochure.pdf\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The concept of Gross Domestic Product (GDP) was developed by Simon Kuznets in 1937 and has been used almost universally since that time. The World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/310065"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=310065"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/310065\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=310065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=310065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=310065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}