a column by Yashaswini Dunga, Nancy Hardie, Stephanie Kelly and Jeremy Lawson for VOX: CEPR’s Policy Portal
As climate change worsens and the forces of populism gather, there is a strong argument for moving beyond narrow economic measures of national progress.
This column presents a new indicator of progress that integrates environmental, social, and governance factors into growth analysis. Results show that the countries that have been able to blend economic dynamism with environmental, social, and governance dynamism are mostly developing economies. These countries often fly under the radar of traditional macroeconomic analyses.
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