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What Will it Take to Move Beyond GDP?

5 February 2018 12:30PM EDT

  • Event

  • Ending 2:00PM EDT

This event has concluded. Watch the webcast here or below. 

What is the best way to assess a nation’s prosperity over time? The most commonly used measure is Gross Domestic Product (GDP), but many experts say this indicator is too limited and point to a more comprehensive approach that includes “wealth accounting.” This involves adding up assets such as infrastructure, forests, minerals, and human capital—much like a company evaluates both its income statement (flows) and balance sheet (stocks) to determine performance. The World Bank, a leader in this field, is publishing a new book, The Changing Wealth of Nations 2018, which tracks the wealth of 141 countries.

On February 5, the Global Economy and Development program at Brookings and the World Bank co-hosted a panel of experts in this area, including Kristalina Georgieva, CEO of the World Bank. David Pilling, Financial Times Africa editor and author of a new book, The Growth Delusion: The Wealth and Well-being of Nations, will moderatePrior to the panel, World Bank authors presented the results of their latest research on wealth accounting.

NRGI president and CEO Daniel Kaufmann participated in a panel discussion that closed the session alongside Georgieva. Harvard University professor Dale Jorgenson and World Resources Institute president and CEO Andrew Steer. 

Following the conversation, panelists answered audience questions.


  • Homi Karas, interim vice president and director, Global Economy and Development, Brookings Institution

Moderator Panelists
  • Glenn-Marie Lange, senior environmental economist, Environment and Natural Resources Global Practice, The World Bank
  • Quentin Wodon, lead economist, Education Global Practice, The World Bank
Panel discussion

  • Kristalina Georgieva, CEO, The World Bank
  • Dale Jorgenson, Samuel W. Morris University professor, Harvard University
  • Daniel Kaufmann (@kaufpost), president and CEO, the Natural Resource Governance Institute
  • Andrew Steer (@AndrewSteerWRI), president and CEO, World Resources Institute

Washington, D.C.

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