Enrique J. Rueda-Sabater
Visiting Fellow, Center for Global Development and Senior Advisor, Boston Consulting Group
Leo Pasvolsky Senior Fellow, Brookings Institution and College Park Professor, School of Public Policy, University of Maryland
Senior Fellow, Center for Global Development
Achieving rapid economic growth in terms of GDP is a limited measure of a country’s development success. Numerous groups from UNDP to OECD to national statistical offices and civil society organizations have proposed or developed broader measures of development. Boston Consulting Group's Sustainable Economic Development Assessment (SEDA) is one such measure that can be used to benchmark countries against the rest of the world and against their most relevant peers.
Why Well-Being Should Drive Growth Strategies presents the latest findings from SEDA. The analysis is organized around three elements: economics (including the pace of growth, stability and employment creation), investments (health, education and infrastructure) and sustainability (broadly defined to encompass both social inclusion and the environment). It relies on objective indicators to construct relative scores of well-being and analyze how differently countries convert their wealth into well-being and their economic growth into well-being improvements.
The report will be the starting point for a wider discussion of the link between income and well-being between panelists and attendees.