Mask of Progress: Why GDP is Insufficient to Measure Africa’s Growth
Mask of Progress: Why GDP is Insufficient to Measure Africa’s Growth
“We must move forward from just measuring economies using GDP. We need to also measure a lot of other things. For example, a big focus on sectoral analysis or all of the economic sectors, you get your agricultural sector, your mining sector, which is the primary sector. Then you get the secondary sector, which is mostly manufacturing. And where the secondary sector is where you add value to products.”
#PanAfricanFrequency sat down with Professor Daniel Meyer, director of School of Public Management, Governance and Public Policy, from the University of Johannesburg in South Africa on inclusive growth, to unpack why GDP has become a mask for resource extraction rather than a measure of genuine prosperity of African economies.
How does the persistence of GDP-led models go beyond outdated economies to an intellectual colonization of what is termed progress? Share your take on this with us in the comments.
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