Research-based
policy recommendations
for the G7

New Conception of Prosperity and Measures of Progress Needed

Abstract

To overcome the major challenges the world is facing today – from recovering from the pandemic to mitigating climate change – the global community will need concerted, transformative policy efforts, aligned with collective values and societal goals. To achieve this, a new conception of prosperity, along with a related comprehensive yet concise set of goalpost indicators, are needed. We call upon the G7 to begin systematically measuring progress through internationally comparable, multidimensional metrics that cover (1) social well-being, (2) economic well-being, and (3) environmental sustainability.