'Ecosystem measure' designed to address shortcomings of GDP approved by UN
Date Time ‘Ecosystem measure’ designed to address shortcomings of GDP approved by UN GEP was developed by a global team of researchers including Professor Bateman from the University of Exeter Business School A new way of measuring economic growth that reveals the enormous value of the natural world has been officially approved by the United Nations. Gross Ecosystem Product (GEP), pioneered by a global research team including from the University of Exeter Business School, is designed to address the shortcomings of Gross Domestic Product (GDP), the highest profile measure of economic growt...
Source: miragenews.com