Economic Policy Making to Pursue Economic Welfare
OECD (May 2023) Effective welfare policies need to consider interactions among economic, social and environmental outcomes. This paper, prepared to support Finance track discussions during Japan’s 2023 Presidency of the G7, describes a variety of national and international initiatives to improve the measurement of multidimensional welfare and well-being "beyond GDP". For example, the 2025 System of National Accounts (SNA) will provide greater visibility to the digital economy and free digital services, unpaid household activities, and the depletion of natural capital.
Topics
Social policies & programmes
Document Type
Status