Beyond GDP: Measuring and Valuing What Really Matters
Rethinking the UN’s “beyond GDP” agenda and the case for putting wealth at the centre
US Domestic Policy Dashboard - Impact Counter | Impact Counter
Explore US domestic policies and their impact on public health across all branches of government.
Reflect nature’s ‘true value’ in economic policies and decisions, UN chief urges
Nations must start weighing up the cost of economic profit against damage to the environment if they are to have a chance at a sustainable future, UN Secretary-General António Guterres said on Tuesday.
Exocapitalism: economies with absolutely no limits
There is a touch of destiny with this one. We have real…
Sustainable Development Goals
The 2030 Agenda for Sustainable Development was adopted by all United Nations Member States in 2015. It is built around 17 Sustainable Development Goals (SDGs) and 169 targets that represent an ambitious plan for achieving sustainable development and serves as the basis for countries to shape their national policies and priorities. At the heart of the agenda is the recognition that truely sustainable development must combine economic growth and poverty alleviation with strategies that improve health and education, reduce inequality, while addressing climate change and protecting nature. Thus, the interlinked nature of the SDGs calls for an integrated approach to policy decisions. As the international statistical standard for measuring the environment and its relationship with the economy, the SEEA is well positioned to support integrated policies based on a better understanding of the interactions and trade-offs between the environment and economy. Progress toward the 17 goals and 169 targets of the 2030 Agenda are monitored through 244 indicators, entailing the collection of substantial amounts of data. The UN Statistical Commission (UNSC) has encouraged the Inter-Agency and Expert Group on SDG Indicators (IAEG-SDGs), the body tasked with developing and implementing the global indicator framework for the 2030 Agenda, to consider existing standards and frameworks that can improve SDG monitoring, including the System of Environmental-Economic Accounting (SEEA). System of Environmental-Economic Accounting (SEEA). Recently, the Secretariat of the Convention on Biological Diversity (CBD), UN Environment and the UN Statistics Division brought a proposal on upgrading the status of Indicator 15.9.1 to the tenth meeting of the IAEG-SDGs, where the group agreed to the proposal and reclassified the indicator from Tier III to Tier II. The United Nations Committee of Experts on Environmental-Economic Accounting (UNCEEA), an intergovernmental body established by the UNSC to provide overall vision, coordination, prioritization and direction in the field of environmental economic accounting and supporting statistics, has assessed that currently 40 indicators for nine Sustainable Development Goals can be informed by the SEEA. The SEEA is particularly well-suited for deriving ratio indicators that compare environmental and economic information.
Wealth Capture Policies | Windfall Policy Atlas
What mechanisms can ensure AI-driven productivity gains are captured for the public benefit?
Imperialist appropriation in the world economy: Drain from the global South through unequal exchange, 1990–2015
Unequal exchange theory posits that economic growth in the “advanced economies” of the global North relies on a large net appropriation of resources and labour from the global South, extracted through price differentials in international trade. Past attempts to estimate the scale and value of this drain have faced a number of conceptual and empirical limitations, and have been unable to capture the upstream resources and labour embodied in traded goods. Here we use environmental input-output data and footprint analysis to quantify the physical scale of net appropriation from the South in terms of embodied resources and labour over the period 1990 to 2015. We then represent the value of appropriated resources in terms of prevailing market prices. Our results show that in 2015 the North net appropriated from the South 12 billion tons of embodied raw material equivalents, 822 million hectares of embodied land, 21 exajoules of embodied energy, and 188 million person-years of embodied labour, worth $10.8 trillion in Northern prices – enough to end extreme poverty 70 times over. Over the whole period, drain from the South totalled $242 trillion (constant 2010 USD). This drain represents a significant windfall for the global North, equivalent to a quarter of Northern GDP. For comparison, we also report drain in global average prices. Using this method, we find that the South’s losses due to unequal exchange outstrip their total aid receipts over the period by a factor of 30. Our analysis confirms that unequal exchange is a significant driver of global inequality, uneven development, and ecological breakdown.
The Divide — Jason Hickel
The Divide: A Brief Guide to Global Inequality and its Solutions Penguin Random House UK, 2017
Labor-Value Commodity Chains: The Hidden Abode of Global Production - Monthly Review
Intan Suwandi is a frequent contributor to Monthly Review. This article is adapted from her book, Value Chains: The New Economic Imperialism, winner of the 2018 Paul M. Sweezy-Paul A.... READ MORE
The Portfolio Ideal Worker: Insecurity and Inequality in the New Economy
This output contributes to the following UN Sustainable Development Goals (SDGs)
Is Dollar Dominance Good for the U.S.?
Thoughts on the U.S.'s so-called exorbitant privilege.
“Objective Economics” Isn’t.
Some time ago, in a Facebook argument, I encountered someone who repeated the old “exchange of unequals” argument (i.e., that people never exchange equivalents because each party values what they got more than what they traded for it). I responded that this argument confuses exchange value with use value and that, regardless of subjective valuation,...
Money & Macro
The Case for Lowering Your Expectations
It may be the key to happiness and sustainable performance
Positive Sum Worlds: Remaking Public Goods
An era of global protocols requires a visionary redefinition of public goods, in service of others.
