`
In a world where economic growth often overshadows the importance of well-being, what if we reimagined the parameters of success and prosperity? Imagine if, instead of Gross Domestic Product (GDP), happiness and well-being were the main measures of national performance. For decades, GDP has dominated discussions about development, with economic performance being hailed as the defining characteristic of prosperity. However, as society grows increasingly aware of problems such as social inequality, environmental degradation, and mental health crises, an important question arises: what if we determine a country’s success by its citizens’ overall level of happiness?
The Shift from GDP to Well-Being
The monetary value of all goods and services produced within a nation is captured by GDP, a metric
developed in the 1930s. However, it ignores the subtle ways it affects quality of life. It appreciates the earnings from fossil fuels but disregards the environmental effects; it counts the manufacture of antidepressants but not the mental wellness that lessens the need for them. Aware of these drawbacks, several nations have begun looking for substitute metrics that provide a more complete view of the state of society.
One notable example is New Zealand, which unveiled the Well-Being Budget in 2019. The budget includes funds to empower Indigenous communities, lower child poverty, and enhance mental health rather than just economic growth. The program demonstrates the country’s dedication to tackling problems that directly impact the lives of its citizens. By putting happiness first, New Zealand rejects the GDP-centric paradigm, embracing a future where people, not just profits, are the main focus.
The Genuine Progress Indicator (GPI) as an alternative to GDP
The Genuine Progress Indicator
GPI is one of the more promising alternatives to GDP. Unlike GDP, which only tracks economic output, GPI incorporates environmental health, income distribution, education, and leisure time, effectively addressing the factors contributing to a fulfilling life. For example, while GDP would count the revenue from a car accident, such as medical bills, repairs, and legal fees, as economic "growth", GPI would subtract these social costs, providing a more nuanced view of development.
This holistic approach to success measurement may change policy priorities. Governments might prioritize accessible healthcare, affordable housing, and sustainable infrastructure, knowing that these initiatives contribute directly to societal well-being. The emphasis would shift from maximizing consumption to establishing a balanced and healthy environment that allows individuals and communities to flourish in the society that they live in.
Numerous countries have already made progress in putting happiness first.
Bhutan is well-known for its Gross National Happiness index, which measures affluence in nine areas, such as ecological resilience, psychological well-being, health, education, and cultural diversity. Countries all across the globe have been motivated by Bhutan's strategy to consider other avenues for success and to challenge the GDP's limited definition.
Finland is also among the countries that prioritize happiness.
It consistently ranks as one of the happiest countries globally, providing valuable insights into fostering national happiness. Finland's emphasis on work-life balance, social welfare, and high-quality education serves as an example of the significance of social policies that prioritize individual well-being. The Finnish paradigm supports the idea that happiness is not merely a personal goal, but a collective endeavor shaped by inclusive policies and accessible resources.
In addition to social well-being, environmental health plays a pivotal role in shaping happiness. While pollution and resource scarcity have been demonstrated to have detrimental effects on happiness and well-being, studies are increasingly linking time spent in nature with better mental health. If happiness became a national goal, countries would likely shift toward sustainable policies that protect and enhance the environment. Recognizing that these measures lead to a healthier, happier population, governments may make investments in renewable energy, preserve biodiversity, and provide urban green areas. For example, Costa Rica, known for its dedication to sustainability,
is considered one of the happiest countries in the world.. Happiness and ecological resilience have increased as a result of its choice to disband its army and refocus military funds on healthcare, education, and environmental preservation. In preserving its natural resources, Costa Rica demonstrates how environmental and societal well-being can reinforce one another.
Redefining Progress for Future Generations
If happiness became the benchmark of success, it could transform the way nations plan for the future. Governments would give priority to measures that guarantee long-term well-being, resilience, and contentment rather than short-term economic advantages. By encouraging people to pursue meaningful employment, cultivate interpersonal connections, and engage in community activities, a happiness-oriented society would shift away from consumerism and towards a culture of satisfaction and contentment.
Although GDP is still a useful economic indicator, it is neither the sole nor even the most significant indicator of development. A shift toward happiness as a national measure of success challenges us to envision a future where well-being takes precedence, and success is defined by the quality of our lives, not the balance of our bank accounts. The pursuit of happiness as a metric for success provides a hopeful way ahead in a period of growing complexity, serving as a reminder of the principles that are most important for both national development and the happiness of all people.
Nicoleta Geru is a Senior Features Editor. Email them at feedback@thegazelle.org.