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Published on Jun 5, 2009
What is the Genuine Progress Index (GPI)?
The GPI is a holistic measurement tool that government and communities can use to account for the real costs and benefits of economic activity. It counts beneficial activities as positive, and harmful activities as negative, and it provides a systematic way to integrate economic issues with environmental and social concerns.
Why is the GPI important to Nova Scotians?
•Using the GPI will enable us to make better decisions now and for the future. Properly valuing economic, social, environmental, human, and cultural assets means decisions will be made with our wellbeing in mind and in a way that leaves a better world for our children and grandchildren.
•Using the GPI puts a value on things we say are most important, such as health, education, a clean environment, decent living standards, economic security, spending time with our family, feeling connected to our community, and our overall quality of life. The GPI also reports on how income is distributed and counts and puts a value on reducing the gap between rich and poor.
•The GPI also measures the real costs of pollution, environmental degradation, crime, sickness, and risk factors like smoking, obesity, and physical activity—costs that are hidden in our conventional economic accounts.
•The GPI is fully aligned with existing Nova Scotian government priorities and key policy documents, such as Opportunities for Sustainable Prosperity (an economic development strategy), Weaving the Threads (a social policy framework) and the Environmental Goals and Sustainable Prosperity Act (2007).