Dubai

Dubai Future Foundation Advocates for New National Success Metrics Beyond GDP

A new study from the Dubai Future Foundation (DFF) called “The Future of Progress” suggests that the world should abandon the typical global success indicator that is the GDP. This report builds upon earlier ideas explored in DFF’s “Future Opportunities Report: The Global 50 ‘A briefing for the global living initiates the discussions on redefining prosperity which had been released earlier in 2023.

GDP, as a concept that still strives almost 80 years, became the key indicator of national development with special emphasis on overall value of produced goods and services in the country. However, the revolutionary advances in technology, political instabilities, environmental problems like the global warming and socioeconomic transformation have termed the use of GDP as the only measure of a country success as inadequate.

HE Mohammad Abdullah Al Gergawi, Vice Chairman of the Board of Trustee of DFF said that there is a need for changing or coming up with new yardsticks. He said “It is about time that the progress was to be measured by factors like quality of life, education, health, well-being, research and innovative, and sustainable. ”

The paper describes possible narrative and trajectories of the post-GDP world. For this change it talks about the challenges, has a timeline of how different countries can change for the better and lastly, gives four possible global futures for re-envisioning success. Besides, the report also suggests forming a global working group to co-develop a new framework and identification of the pilot sites to develop the new measures of national success.

DFF consulted with professionals from well-known global organizations, including the United Nations, the International Monetary Fund and leading academic institutions, to gain knowledge about how the creation of new, broader indicators of prosperity could be initiated. This is the aim of this report that is intended to trigger global discussion on the need to embrace new approaches to evaluating enriched human quality.

You can read a full report on the official website of Dubai Future Foundation at direct link.

Web Desk

Recent Posts

UAE Mandates Visitor Advertiser Permit for Influencers Posting Paid Content

Influencers and content creators visiting the UAE must now secure a Visitor Advertiser Permit before…

3 days ago

Dubai’s Museum of the Future Welcomes 4 Million Visitors Ahead of 4th Anniversary

Since its inauguration in February 2022, the Museum of the Future in Dubai has attracted…

6 days ago

Dubai Entrepreneur Manan Shaikh Driving Business Growth Across the UAE

In the fast-paced world of UAE business, one name stands out for his relentless execution…

2 weeks ago

Top 3 Adrenaline Adventures to Experience in Dubai Right Now

Dubai is where you need to be when you are in pursuit of thrills over…

3 weeks ago

UAE Holidays 2026: Long Weekends and Public Breaks to Expect

Some of the many long weekends and extended public holidays in the calendar to be…

3 weeks ago

UAE Celebrates Union Pledge Day on July 18 to Honour National Unity

July 18 is Union Pledge Day in the United Arab Emirates, a semi-official national holiday…

3 weeks ago