Gdp .. Measure of Welfare ?

Topics: Gross domestic product, Economics, Economic growth / Pages: 10 (2485 words) / Published: Oct 30th, 2012
ENPC-EHTP-MBAXIV A

MA 1407 : Business Economics in a Global Market Individual Assignment GDP vs. Welfare The Moroccan Example

Othmane Bouzoubaa Student ID : MA14 - 016 April – May 2012

This paper emphasis on GDP as an inefficient measure of welfare using arguments from the Moroccan example.

MBAXIV A – MA 1407 – Business Economics in a Global Market GDP & Welfare – The Moroccan Example

Table of Contents
1. 2. 2.1 2.2 2.3 3. 3.1 3.2 4. 5. Introduction .................................................................................................................................... 3 From GDP to Welfare................................................................................................................... 3 GDP Purpose & Limitations .................................................................................................... 4 Some Initiatives towards Welfare Measurement ................................................................. 4 Happiness and Life Satisfaction ............................................................................................. 5 The Moroccan Example ............................................................................................................... 6 Morocco’s GDP & Economic Health ...................................................................................... 6 Morocco’s Welfare .................................................................................................................... 6 Conclusion ..................................................................................................................................... 9 References................................................................................................................................... 10

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MBAXIV A – MA 1407 – Business Economics in a Global Market GDP & Welfare – The Moroccan Example

1. Introduction
GDP measures the market value of final goods and services produced within a



References: Numbers, figures and illustrations are from the following sources: Deutshe Bank Research, Measures of Well-being, There is more to it than GDP, September 8, 2006 http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000202587.PDF Global Gender Gap Report 2011, pages 182 & 183 http://www3.weforum.org/docs/WEF_GenderGap_Report_2011.pdf Mundi Index, Morocco GDP (purchase power parity) http://www.indexmundi.com/morocco/gdp_(purchasing_power_parity).html Sylvia I.Bergh, MENA Region Case-Study: Morocco. Presented at the conference on Globalization and Economic Success: Policy Option for Africa, Cairo, 13-14 November 2006. http://www.eip.gov.eg/Upload/ConferenceDocs/321/GlobalizationConferancePapers.pdf UNICEF Welfare Statistics for Morocco http://www.unicef.org/infobycountry/morocco_statistics.html#98 10

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