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Striking a Balance Between Well-Being and Growth
Report

Striking a Balance Between Well-Being and Growth

The 2018 Sustainable Economic Development Assessment


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Editorial Rating

7

Qualities

  • Applicable
  • Eye Opening
  • Overview

Recommendation

Government leaders should improve their citizens’ living standards to achieve economic advancement and support financial resilience. So say Boston Consulting Group professionals in the 2018 edition of the Sustainable Economic Development Assessment. The researchers present evidence of a “virtuous cycle of well-being and growth” and shed light on the high-impact policies that can transform national income into social good. getAbstract recommends this dense but pertinent study to policy makers and analysts looking for ways to energize domestic growth.

Take-Aways

  • Many observers believe that promoting social well-being comes at the cost of a nation’s economic growth.
  • The Boston Consulting Group's Sustainable Economic Development Assessment (SEDA) measures how effectively a nation transforms its income into improvement in its citizens’ quality of life.     
  • Those countries better at turning “wealth into well-being” tend to experience more rapid economic growth and greater resilience in the face of financial crises. 

About the Authors

Joao Hrotko et al. are professionals with the Boston Consulting Group.