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Democracies for People: Government accountability by moving beyond GDP

Democracies for People: Government accountability by moving beyond GDP. GDP: an incomplete measure of economic progress. Does not capture how growth is distributed Assumes growth translates to higher living standards…. often not the case Neglects environmental sustainability

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Democracies for People: Government accountability by moving beyond GDP

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  1. Democracies for People:Governmentaccountabilityby movingbeyond GDP

  2. GDP: an incomplete measure of economic progress • Does not capture how growth is distributed • Assumes growth translates to higher living standards…. often not the case • Neglects environmental sustainability • Presents a gender-biased understanding of production

  3. GDP growth has not been shared with workers Evolution of the labour income share Source: IMF (2017)

  4. Top earners are capturing global income The rise in the top 1% versus the stagnation of the global bottom 50%, 1980-2016 Source: World Inequality Report (2018)

  5. Rapid global growth is not translating into improved livelihoods and well-being Global GDP (current USD, in trillions) and % of the global population undernourished (2000-2018) Source: ITUC calculations based on World Bank data (GDP) and FAO data (undernourishment). Note: 2018 undernourishment data are FAO projections.

  6. Growth is not translating into greater economic security Percentage of the world’s population covered by social protection Source: ILO World Social Protection Report 2017-2019

  7. Some countries are starting to move beyond GDP

  8. Possible indicators to inform policy and regain trust • Economy: e.g., income inequality levels, net job growth/full employment, gender inequality in the labour market (in addition to GDP/GDP per capita) • Living Standards: e.g., cost of living, average wages, wage growth, minimum wages, national poverty benchmarks • Tax, social protection and public services: e.g., progressivity of tax; social protection coverage; access to health, education and care services • Environment: e.g., progress towards net zero emissions, agreed just transition measures, pollution levels, workplace health and safety • Democratic rights and freedoms: e.g., human rights, labour rights, workplace democracy • Engagement of People: e.g., policy consultation, voting rights, tripartite institutions and processes, anticorruption measures

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