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About this product
- DescriptionDissatisfaction with the Gross Domestic Product (GDP) as an indicator of a country's development or a population's wellbeing led to the development of the Genuine Progress Indicator (GPI). The GPI is an aggregate index of over 20 ecomic, social and environmental indicators, and accounts for both the welfare benefits of ecomic growth, and the social and environmental costs which accompany that ecomic growth. The result is better information about the level of welfare or well-being of a country's population. This book measures the GPI of Hong Kong and Singapore from 1968 to 2010. It finds that for both countries, ecomic output (as measured by the GDP) has grown more than welfare (as measured by the GPI), but important differences are also found. In Hong Kong, the GPI has grown for the whole period under consideration, while in Singapore the GPI has stalled from 1993. This is in line with most countries and is explained by the threshold hypothesis which states that beyond a certain level of ecomic development the benefits of further ecomic growth are outweighed by even higher environmental and social costs. The book argues that the growth of Hong Kong's GPI is due to its favourable relationship with China and in particular its ability to export low-wage jobs and polluting industries, rather than successful domestic policies. A stalling or shrinking GPI calls for alternative policies than the growth ecomy promoted by neoclassical ecomists, and the book explores an alternative model, that of the Steady State Ecomy (SSE).
- Author BiographyClaudio O. Delang is Assistant Professor at the Department of Geography of Hong Kong Baptist University. Yi Hang Yu is Researcher at the Department of Geography of Hong Kong Baptist University.
- Author(s)Claudio O. Delang,Yi Hang Yu
- PublisherTaylor & Francis Ltd
- Date of Publication25/06/2015
- SubjectEconomics: Textbooks & Study Guides
- Series TitleRoutledge Studies in Sustainable Development
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintTaylor & Francis Ltd
- Content Note72 black & white illustrations, 10 black & white tables, 2 black & white halftones, 60 black & white line drawings
- Weight199 g
- Width156 mm
- Height234 mm
- Spine13 mm
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