GDP: STILL A GROSSLY DISTORTED PICTURE By Hazel Henderson © 2013 forthcoming in CSRWire June 2013 Obsolete metrics like GDP not only map vanished territory and back societies into the future looking through their rearview mirror, they cause unnecessary human suffering as we see in Europe through imposing “austerity” …
The World Bank and its ‘new’ Poverty Approach
The World Bank and its ‘new’ Poverty Approach Francine Mestrum* ‘We should strive to eradicate absolute poverty by the end of this century’ said World Bank President Robert McNamara in 1973 at the annual meeting of the Bretton Woods Institutions. As we know, at …