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re-figuring GDP and net worth...

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Societies tend to measure progress in narrow economic terms -- gross

domestic product, employment figures, trade deficits. Now an

influential team in Canada is proposing that the country become the

first in the world to measure its ecological health with the same

care and precision. The National Roundtable on the Environment and

the Economy today is releasing a government-commissioned report that

calls for Canada to use six environmental indicators to assess its

real wealth and the sustainability of its economy. Advocates of this

approach point out that traditional measurements don't track whether

a nation's natural resources, from forests to fisheries, are being

depleted, and that environmental disasters are often classified as

economic boosts. "You can have an oil spill that pollutes a huge

area and wrecks the ecology, but the price of the cleanup is shown as

a positive on GDP," said Stuart Smith, co-chair of the group that

authored the report. The recommended indictors would measure air

quality, fresh-water quality, greenhouse gas emissions, and forest

cover, among other things.

 

straight to the source: Toronto Globe and Mail, Martin Mittelstaedt,

12 May 2003

<http://www.gristmagazine.com/forward.pl?forward_id=1110>

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