Is GDP everything ?

[Storm Force]

Global The MEASURE of a nation is in dollars ie NOMINAL ie one currency

Which is fair to get relative measure of POWER

 

[boris]

There is a question that has been lingering in my mind for a very very long time.

and it is infact a complex question.Well here goes

Everybody i have known measures the power of nations in GDP. The debates on tv, on this forum, listening to economic experts all i can hear is GDP,GDP,GDP.

The question is GDP everything ? is it more important than say justice,human happiness. does a high GDP means justice for everyone, does high GDP means that ppl are happy.

Ofcourse u need something to measure quantitatively for that GDP is fine. But why base strength of nations on it instead of things like free justice for all,human rights,the value of human life.

I mean to say why don't ppl give importance to this stuff instead of just saying GDP,GDP. If one gives more importance to these things then don't u think that GDP will automatically increase as a side effect.

Share ur thoughts on this issue.

When talking about an individual person we always say is money everything??even though that real rich person may be an A-grade miser but people go towards him,now put this Idea with regards to countries,it doesnt matter for other govts. whether that country doesnt have skyscrapers,6 lane highways etc their back account figure GDP matters more.

 

[bubble123]

u guyz are getting me all wrong.

No one is denying the importance of GDP.

What i mean to say is that why we only hear about GDP everywhere.

I mean why don't ppl say that any arbitrary country has a very strong Justice system.

I mean don't u guyz think that when there is a strong Justice system nobody can gain advantage over others. the things such as GDP automatically grow.

I mean take example of BRICs. Without any doubt they will over take Europeans wrt GDP in a few years. BUT will there Justice system be as strong as Europeans have, will there country heads or their relatives would have to go to jail while they are ruling for doing something wrong, will they value the human life in the same way as Europeans do, will they have the same amount of freedom that Europeans have.

What i mean to say is that why world has forgot that unless u strength the pillars the building on top will always be dangling.

When talking about an individual person we always say is money everything??even though that real rich person may be an A-grade miser but people go towards him,now put this Idea with regards to countries,it doesnt matter for other govts. whether that country doesnt have skyscrapers,6 lane highways etc their back account figure GDP matters more.

Thats the human dilemma i guess.

 

[harshad]

gdp is not everything but it is very crucial for a country,a country with high gdp can invest hugely in defence,education,health,etc compared to countries with lower gdp e.g americas defence budget size is as much as the entire gdp of many countries