Sentences with phrase «economic welfare»
"economic welfare" refers to the overall well-being or financial health of a country or its people. It measures how well the economy is doing and how satisfied people are with their standard of living, income, job opportunities, and access to basic needs. It looks at the overall prosperity and happiness resulting from economic conditions. Full definition
This would increase the general economic welfare of all countries.
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Our omission of leisure contributes markedly to the fact that for the period of overlap in our statistics, 1950 to 1965, we show more improvement in economic welfare than they.
With this addition, the decline in sustainable economic welfare turns out to be considerable.
The deeper one goes into the choices to be made, the more one realizes that there are no neutral and objective ways of measuring economic welfare.
But it can also be shown that increase in gross product does not entail improved economic welfare and that the policies employed for this increase have dire social consequences.
In other words, when policies on emissions reductions require reduced economic welfare, public tolerance for such policies will be extremely limited.
My reason for beginning with these comments is not at all to suggest that we are able to give accurate statistical information about economic welfare.
One important contribution of their work was to recognize that true economic welfare is sustainable welfare.
But clearly, the depletion of the oil should count against the income from its sale in calculating the sustainable economic welfare.
Such cartel activity reduces economic welfare by artificially fixing prices and reducing the output of affected goods and services.
So it is perhaps appropriate that the most intuitive explanation for the effects of an improvement in terms of trade on economic welfare that I've seen came from Governor or the Reserve Bank of Australia Glenn Stevens:
Hence, the size of total consumption overstates the amount of real economic welfare that consumption contributes to society.
Economic welfare impacts from renewable energy consumption: the China experience.
The CPTPP raises real Gross Domestic Product (GDP) for the parties as a group by about 0.075 per cent, generating economic welfare benefits of about $ 17.5 B in current Canadian dollars by 2035.
They continue to advocate policies that increase GDP even when they do not increase economic welfare as measured by the ISEW.
My point is only that rough approximations to measuring economic welfare strongly suggest that the time for viewing increase in gross product as the appropriate goal for national policy is ended.
In his foreword to Venkatesh's book, Wilson speaks of the rights denied to American citizens to «basic economic welfare and security.»
Their actual figures showed that economic well being improved markedly with economic growth during the 30s and early 40s, but that in the postwar period, from 1947 to 1965 sustainable economic welfare grew at only one - sixth the rate of GNP.
Unfortunately, I have no figures to offer for economic welfare in Mexico calculated in our way or in any other.
In Nordhaus and Tobin's MEW, the inclusion of this item dramatically slowed improvement of economic welfare after World War II.
Indeed, it seems apparent that growth of GNP can be accompanied by declining economic welfare, especially when the welfare considered is sustainable welfare.
Ethicists should work for policies that enhance human welfare in general and for an economy that enhances economic welfare.
That means breaking up large institutions that are too big to fail, and breaking the rice bowl of ones that add nothing to broad economic welfare and efficiency other than an opportunity for the own enrichment at the general expense.
«After allowing for the higher energy costs faced by consumers, this action would raise global economic welfare by $ 1.8 trillion (2.2 percent of global GDP),» the analysis finds.
But in fact, most nations will be touched by developments in the Arctic because the region's shipping, fishing, energy and mineral production, scientific research, and other activities affect national economic welfare and security.
Gail Cartmail, Unite assistant general secretary said: «We need to strongly build the case that the government's recent funding announcement is woefully inadequate and that a generous tranche of «new» money is needed to ensure that our children have the education that they deserve so that they can lead fulfilling lives and contribute to the future economic welfare of the country.
This is not surprising, because a fundamental goal of investment research has been to discover those strategies which maximize personal economic welfare on a risk - adjusted returns basis.
The Cato authors argue that using the proceeds from a carbon tax to cut other taxes will not produce a net improvement in economic welfare if we divorce that conversation from any consideration of environmental benefits.
«Given this uncertainty [over the environmental and economic effects of CO2 emissions], and the historic failure of central planning to do anything other than undermine economic welfare, the editor, Colin Robinson, one of the country's leading energy economists, argues that it is prudent to proceed with caution.
Finally, as a matter of economic policy, the Animal Science Products case highlights the very real harm that occurs when national governments tolerate export cartels that reduce economic welfare outside their jurisdictions, merely because domestic economic interests are not directly affected.
Application of an integrated multidisciplinary economic welfare approach to improved wellbeing through Aboriginal caring for country.
Yet when their results are examined more carefully, they would seem, at the very least, to call for close monitoring of the economy with the distinction between improving economic welfare and growth of GNP in mind.
To adopt policies designed to increase GNP more rapidly while further lowering the sustainable economic welfare of the nation is foolish.
When efforts have been made to measure economic welfare in distinction from gross product, the results have generally showed greater divergence than economists generally like to suppose.
The ISEW does, however, come much closer to indicating real economic welfare than does the GNP.
If it had ended, then it would seem appropriate to ask what policies are now needed if our concern is to improve economic welfare of people rather than increase production for its own sake.
Changes in transfer pricing practices induced by tax policy changes do not represent changes in economic welfare or real incomes of Americans.
That it would be very difficult to convince nations to voluntarily reduce economic welfare should be a fairly uncontroversial notion.
But the increasingly worrisome issue is that such a large percentage of the population, both in the province and in other regions, does not understand how their economic welfare is linked to the success of the petroleum sector.
The failure of so many to connect petroleum to their own their economic welfare is no doubt related to the growing extent of the linkages.
No democracy in the world has been sustained over time without some independent institution that stands up for and advances worker rights, interests and economic welfare.
Over this period they showed that growth in economic welfare had been much less than that of the Gross National Product, but they concluded that because MEW had nevertheless grown, continuing efforts to increase gross product were appropriate.
Nevertheless, I am convinced that rather than continue to assume that growth, as measured by Gross National Product is an appropriate goal of national and international policy, we must examine how it relates to economic welfare, and that requires that we dare to make judgments about what constitutes welfare.
But we have no doubt that in the United States sustainable economic welfare is declining while the Gross National Product rises.
If it turned out that in the twenty years after 1965 continuing growth of GNP had not been accompanied by improved economic welfare, then surely it was time for a national discussion of how welfare could be improved.
As a minimum it would have seemed worthwhile to continue measuring economic welfare to determine whether continuing growth in national product would once again begin to benefit human beings economically or whether that epoch in our national history had ended.