Are economic progress and sustainable development incompatible?
No, but the conventional way of measuring economic progress, Gross Domestic Product (GDP), is inadequate because it measures quantity not quality and ignores the undesirable side effects on people and the environment. Instead the New Economics Foundation (NEF) has developed the Index of Sustainable Economic Welfare (ISEW) which has now been recommended by Environmental Audit Committee because it measures both quantity and quality of growth. This index makes adjustments for the damage done to people and the environment by conventional measures of economic activity.
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