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Article: Measuring environmentally sustainable development. (Cover Story)
- Article from:
- Finance & Development
- Article date:
- December 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A BROADER understanding of development requires broader measures of development that encapsulate social, equity, and environmental concerns. Care must be taken that aggregate measures of progress do not conceal more than they reveal. But promising work is underway to "green" the national accounts.
"The gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; ...