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GDP: Outdated & Irrelevant
- by bey critical
- Apr 30, 2015
- 1 min read
It has become the most-used measure of economic excellence, a marker for defining the world’s superpowers from its sub-par performers. But despite this prestige, the continued overuse of GDP as a yardstick for success has endangered many world economies unsuited to the dominant market dogma. And for those economies which have thrived under the production-at-all-costs model of growth, the consequences are becoming increasingly apparent.
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