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New Zealand: Measuring What Matters
內容大綱
In the spring of 2019, Grant Robertson, New Zealand’s finance minister, was in the process of developing New Zealand’s first-ever Wellbeing Budget. The prime minister of New Zealand, Jacinda Ardern, had spoken publicly about her vision to rethink how the government identified and set its priorities. Ardern was poised to push against a decades-old practice of using a country’s gross domestic product (GDP) as a proxy for the well-being of its citizens. Consequently, Robertson was tasked with developing a new budget that addressed growing concerns about the need for more holistic well-being metrics. What nuances of life in the modern world did GDP miss? What would it mean for New Zealand to place less emphasis on GDP when making policy decisions? What should be measured and included in the Wellbeing Budget in place of GDP?
學習目標
This case can be used in managerial economics and behavioural economics courses at the undergraduate and graduate levels. After working through the case and assignment questions, students will be able to do the following:<ul><li>Discuss GDP as the traditional measure of economic performance and prosperity, and consider its limitations.</li><li>Evaluate other systems that assess the welfare of citizens and consider the implications of adopting each system.</li><li>Understand the Easterlin paradox, how it highlights relative preferences, and how it can complicate an objective to increase overall happiness.</li><li>Recognize public policy as a tool to improve citizen well-being and discuss the challenges associated with implementing policy changes.</li></ul>