Home: Tag : GDP

"The Satisfaction Index" is a much better approach than the other approaches like the prosperity index, the development index, the product index, etc. The later terms are a bit restrictive and narrow in reach and implications. For example, a country may reach the desired level of "the prosperity index" and still find its citizens dissatisfied and an unhappy lot!

I was reading some posts and news about the current crisis and diverse opinions about possible turnarounds, about the consequences in developing countries, some trends and forecasts, different perspectives and evaluations and the usually wizards’ visions of future, some with the Armageddon perspective and others with an optimistic vision of short-time crisis. What make me develop this article was to contradict the people that suggest the worst scenario for our future.

Two Bretton Woods institutions, the International Monetary Fund and the World Bank, may no longer be relevant in today’s economy. The extent of the current global financial crisis, it appeared that the analytical tools for understanding and managing the current system were inadequate.