Articles on GDP

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Jumping to conclusions. Does GDP mislead us? Antoine Gady/Flickr

The science of happiness can trump GDP as a guide for policy

Our feelings of self-worth and contentment are no longer the preserve of writers and artists. Science has made measurement of our well-being a viable alternative to the banalities of economic output.
South Africans take their cue from what Finance Minister Pravin Gordhan says about the country’s economic outlook. Reuters/Mike Hutchings

Economic forecasting: why it matters and why it’s so often wrong

Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
Current conditions make for a wild ride for investors. Scott Ableman/Flickr

Vital Signs: expect more turmoil

Low inflation gives the RBA scope to cut rates in coming months but a lot will turn on whether we continue to see persistently weak GDP growth.
Recessions affect us all. Unemployed line via www.shutterstock.com

How do we know if we’re in a global recession?

Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
Understanding the pathogen Mycobacterium tuberculosis has won a South African molecular biologist international recognition. Shutterstock

Is South Africa’s research prowess sustainable?

Funding for South African higher education is inadequate considering past inequalities. Even more alarming is the fact that plans for research development and innovation in science remain elusive.
The UN’s Sustainable Development Goals Summit drew an unprecedented show of support from the General Assembly of nations. Reuters/Mike Segar

Beyond GDP – how Australia could help redefine well-being

The widely accepted concept of economic prosperity - GDP - increasingly fails to measure human well-being.
University of Cape Town scientists work in the Drug Discovery and Development Centre. More needs to be done to keep Africa’s scientists on home ground. Epa/Nic Bothma

Closing the research gap between Africa and the rest of the world

If the continent is to grasp the science and technology revolution, then governments should take the lead in both policy formulation and implementation.
Victoria Island waterfront in Lagos. President Buhari needs to emulate China and South Korea by urgently investing in science and technology to take Nigeria’s economy to the next level. Reuters/Joe Penney

Science and technology hold the key to Nigeria reaching its full potential

Investing in science, technology and innovation can help give Nigeria a positive lift in many sectors of the economy.

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