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Measuring Real Wealth in New Zealand

Measuring Real Wealth in New Zealand. David Kettle, Anew NZ Progress Indicator Action Group 2 nd International Conference on Sustainability Engineering and Science, February 2007. OUTLINE. Introduction Current Measures of Progress (GDP) Genuine Progress Indicators (GPI)

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Measuring Real Wealth in New Zealand

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  1. Measuring Real Wealth in New Zealand David Kettle, Anew NZ Progress Indicator Action Group 2nd International Conference on Sustainability Engineering and Science, February 2007

  2. OUTLINE • Introduction • Current Measures of Progress (GDP) • Genuine Progress Indicators (GPI) • Other Wellbeing Indicator Work • Going Forward in New Zealand

  3. INTRODUCTION • Significant Current Indicators Work • Challenge - Integrate and comparability, - Misuse of GDP • Key question • “How can we create an integrated system of indicators …….. global comparability………… combines present well-being with long term sustainability………. while challenging the misuse of GDP as being the basic indicator of societal well-being?”

  4. Why we need measures to complement GDP (Gross Domestic Product) • Every expenditure as addition to well-being(e.g. cyclones, war, etc.) • Ignores functions that don’t involve money(e.g. volunteers, open spaces, trees etc.) • No regard for future (e.g. depletion of natural resources as current income instead of liquidation of an asset) • Ignores distribution of income (e.g. the gap between the haves and have-nots)

  5. Average income & happiness in the US, 1957-2002

  6. Things of personal importance to Kiwi’s Growth & Innovation Advisory Council 2004 0 is not important and 10 is very important 100%

  7. Genuine Progress Indicators(Example: Nova Scotia GPI, Ron Colman)

  8. Canadian Index of Wellbeing (CIW) • Living Standards – gap between rich & poor, food security, affordable housing • Time Allocation – balance between paid work, unpaid work & free time • Healthy Populations – self-rated health, infant mortality, rates of suicide • Ecosystem Health – air & water quality, healthy forests, soils • Educated Populace – literacy, numeracy • Community Vitality – safe communities, diversity, culture, arts • Civic Engagement – meaningful participation

  9. The 6 Capitals of Wellbeing • Produced (Built) Capital – machinery, equipment • Financial Capital – loans, financial savings • Natural Capital – renewable and non-renewable natural resources • Social Capital – values and understanding within and between groups • Human Capital – knowledge skills through life-long learning • Cultural Capital – traditions and behaviours

  10. At a Global Level • United Nations Statistics Division – City Groups on Statistical Methodologies (http://unstats.un.org/unsd/methods/citygroup/index.htm). • The European Social Survey (http://ess.nsd.uib.no). • OECD 2006 Factbook (www.SourceOECD.org/factbook). • June, 2006 Milan OECD ‘post conference’ on a ‘National Index of Wellbeing’ - developing a national index of wellbeing model to be presented at: • OECD Global Project – Measuring the Progress of Societies, Second OECD World Forum on Statistics, Knowledge and Policy, 27-30 June 2007, Instanbul, Turkey

  11. Existing good work in NZ • Quality of life in our • cities; now 12 largest • Excellent MSD social reports • Marilyn Waring’s pioneering • work; in assoc. with Dr. Colman • Local Gov. Act 2002; LTCCP’s

  12. A Pathway for Going Forward in NZ • Support Local and Regional Governments in developing wellbeing indicators • Resource Kit of best practice and “standardisation” • Research and Resourcing • Develop international comparability model • New Zealand Measures of Wellbeing

  13. The AnewNZ Initiative “A National Index of Progress and Wellbeing, Developing a Model for Global Comparability”, November 2007 Six to Eight Countries, including OECD Demonstrate viability of comparable set Agree on wording and data bases

  14. www.anewnz.org.nz • David Kettle – dbkettlelimited@slingshot.co.nz • Dave Breuer • Chris Ferkins • Gary Russell • John Shaw • Ray Skinner • Antony Vallyon

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