A Survey of Indicators of Economic and Social Well-being

Abstract

In recent years, interest in aggregate or composite indicators of economic and social well-being at the community, national and international levels has grown greatly. For example, the release each year of the United Nations’ Human Development Index generates considerable media interest, particularly in Canada. Equally, the Genuine Progress Index produced by the think tank Redefining Progress has become very well known in a short period of time, and is referred to often in debates on the inadequacies of GDP as a welfare measure. Many communities in Canada and in the United States have attempted to develop social indicators to monitor trends in the welfare of their citizens.

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