Gross domestic product is the most powerful metric in history. The US Commerce Department calls it “one of the great inventions of the twentieth century.” But its utility and persistence reflect political realities, not economic considerations.
Most of us understand GDP as the measure of a country’s economic output, expressed as a single monetary value. But it’s more than that. GDP, and how fast it is growing, is the universal indicator of development, wellbeing, and geopolitical strength. Positive GDP growth is every government’s goal.
But GDP has well-documented shortcomings. For example, short-term GDP grows as a result of productive activities that pollute or degrade the environment, but not as a result of unpaid housework, childcare, and other obviously valuable activities that it barely accounts for (if at all).
France's Strategic Shift: Recognizing Moroccan Sovereignty over Western Sahara
The decades-old dispute over Western Sahara took a significant turn on July 30th when French President Emmanuel Macron declared Morocco’s autonomy plan as the “only basis” for resolving the conflict.
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Beneath the ambitious and multi-dimensional reforms it has undertaken in recent years, Uzbekistan is rapidly becoming an important Central Asian middle power
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Antić for the South China Morning Post: "Western concerns about SCO must be allayed. Kazakhstan can help"
The Shanghai Cooperation Organisation (SCO) held its annual summit on July 4 in Astana, the capital of this year’s chair Kazakhstan.
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