Social Progress Index- going beyond GDP

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A new benchmark to measure the wellbeing and success of countries, the Social Progress Index (SPI), was launched at the 10th Skoll World Forum (April 10-12). This initiative was launched by the Social Progress Imperative and Harvard Business School Prof. Michael Porter (who co-created the business concept of “creating shared value”). This new measure aims to provide a more holistic measurement compared to the one dimensional GDP per capita to assess the progress and standing of countries which shall be useful to policy makers as well as corporations. The SPI measures the extent to which countries provide for the social and environmental needs of their citizens by using indicators in the areas of basic human needs (nutrition, water, air, medical care, sanitation, shelter, personal safety), foundations of wellbeing (access to basic knowledge, access to information, health and wellness, ecosystem sustainability), and opportunity (personal rights, access to higher education, personal freedom of choice, equity and inclusion).

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