Gnp and grwth
Conférence Macroeconomics
Is GNP a good indicator of wealth? Nowadays our world is being measured by several indexes: index of poverty, of unemployment of education… In this globalized world people and countries are obliged to fight for a central place in the market economy; in fact their development will depend on their position in the economic ladder. Actually, this phenomena became possible thanks to statisticians, they created the boxes in which we are able to range the countries, to classify populations, to determine who is richer and who is poorer. In a certain way, creating and applying this index’ measures imply deciding what would we classify as good and what would we classify as wrong. Today being at the top of the OCDE list of GNP (Gross National Product) means on the one hand classifying for the battle of power and on the other hand being at the bottom connotes an immediate knocked out! In this opportunity we will ask ourselves if the wealth of a country could really be determinate by the total values of the products in their market by firstly, stressing out the fact that the goods or services that are being valued positively could actually have negative results in the population’s quality of live and secondly, that there are some values that aren’t taken on account when we calculate the GNP of a country, known since the World War II to be the best indicator of wealth, and that could intensively improve a country’s welfare. Synthesizing this matter, we’ll ask ourselves if GNP a good indicator of wealth? We would proceed to delimitate our problematic by defining GNP that is actually a concept derived from the GDP or Gross Domestic Product. The Grosse Domestic Product or GDP measures the total value of all final goods and services produced in the economy during a given time. Gross National Product or GNP measures the same things plus adding the income of domestic residents through foreign investment and subtracting the income earned