Genuine progress in Japan and the need for an open economy GPI

Matsuyo Makino

Chapter 7 in Sustainable Welfare in the Asia-Pacific, 2008, pp 153-190 from Edward Elgar Publishing

Abstract: Frequent references are made to the ‘Asian economic miracle’ as a means of describing the wave of GDP growth experienced across the Asia-Pacific region over the past twenty years. Implicit in this description is the assumption that the Asia-Pacific region has progressed at the same rate that GDP has risen over the same period. But is this truly the case? Employing a Genuine Progress Indicator as an alternative measure of sustainable welfare, the contributors to this book aim to answer this question by presenting case studies of seven Asia-Pacific nations. The results reveal that all is not as positive as conventional indicators might suggest.

Keywords: Development Studies; Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2008
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