How to Measure a New Economy | DAVOS 2020

  • 🎬 Video
  • ℹ️ Description
How to Measure a New Economy | DAVOS 2020 4.5
UCw-kH-Od73XDAt7qtH9uBYA

Gross domestic product, the dominant metric of economic progress over the last century, is facing growing criticism for neglecting the intangible factors of societal progress. What alternatives hold the greatest promise?

On the Forum Agenda:
- Measuring well-being, happiness and ease of living
- Redesigning statistics and policy frameworks
- Scaling up for wider adoption

Speakers: Heizo Takenaka, Gillian R. Tett, Douglas L. Peterson, Mariana Mazzucato, Saadia Zahidi

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.


#WorldEconomicForum #Davos2020 #EconomicProgress

💬 Comments on the video
Author

How To Measure A New Economy: Crime rate, unemployment rate, homelessness, poverty, human trafficking, rich people, politicians, lawyers, bankers, debt, scammers, drugs and pollution. Because of capitalism, money, GDP we will never get to net zero carbon emissions.

Author — Apollyon6660

Author

Clearly anyone in a business suit knows what they're talking about.

Author — Heko

Author

Definitely the Japanese economy is not going well in any measurements, which can not be an manipulatable level, and the person here brings his own responsibility.

Author — Hiro Jo

Author

Mengukur kemajuan ekonomi dengan pertumbuhan kurang relevan lagi dalam keadilan dan pemerataan hak dasar warganya. Maka perlu orientasi pengukuran ekonomi global yang lebih menuju mengarah ke New Measurement economic justice.

Author — Asep Rohmandarjuara

Author

What do you do if you have conflict of goals? Which measurement is the most important?

Author — Beefy Beings

Author

as far as utility function, with enough big data and a "utilitometer" the utility function of value could probably value the utility function of an noun. We never considered what was said about GDP being an approximation. That Indicates that there is a whole new system of measurement that needs to manifest. One in which keeps track of total raw resource to consumable as well as utility function to accurately calculate whats going on in a given market as well as market status etc. you could do an energy base for this as in: representation of the dollar would be a percentage of the total raw resource to consumable * Utility function in a given "boundary" or "District" is so many Calories

Author — Michael N/A

Author

Hmm - "As Mike Bloomberg says..." Recently a whole lot of Mike Bloomberg quotes have come out - none of which I should repeat, for decency, here e.g. demanding a woman that she should have an abortion so she could keep working for him. But the larger issue is people from a financial background piling in behind "Mike" against "Bernie"...

Author — Noble Tarkan

Author

well' The other supplementary Indicators combination , will boost the industry economic .But is very easy to collapse if doest goes by the book .

Author — Omar Blackman

Author

We manage too much, but we do nothing....really in the real economy and for the real people.

Author — Joe Hoe

Author

i wish she would have asked him about the whaling industry and why the Japanese still think that's ok.

Author — dizzybee

Author

Just wondering??? did anyone pick up on the part of this video where that first financial guy is talking about how the recorded monetary activity is not picking up on the "cash money, or dollar bills" transactions and the first thing the lady moderator goes to is to referring to those transactions as being "black market?!?!" How much more obvious do they need to be in saying they want a global monetary system in which they want to track our every purchase and all we choose to do with our hard earned I mean come on man!!! They hate the current monetary system of us having physical money because when we spend physical money they can't track it!!! # Long live the gold standard!!! P.S. I know the gold standard is dead but I think you get my point, if you understand the rest of this post. Peace and love to all of you. P.S.S Yes I mean ALL of you!

Author — sabastian connrey

Author

So - if you marry your babysitter then the tax-take goes down... lol ... I see what you are up to...

Author — Noble Tarkan

Author

Is the new fairer economy going to convict crooked bankers and politicians like bloomberg? Is it going to audit world currencies, especially the yuan? I'll just take a guess and say that the davos version of the new "fairer" economy will be the most corrupt economy the world has ever seen...

Author — Ballistic Bob