Australia is in the top 20% of performers among OECD countries in terms of well-being, but the GFC has had a profound effect. Plus other political snippets of the day.
Not just a matter of the GDP
. A reminder this week from the Organisation for Economic Co-operation and Development that the central purpose of economic policies is to improve people’s lives. With the release of an updated version of the report How's Life?,
OECD Secretary-General Angel Gurria called for a rethink of "how to place people’s needs at the heart of policy-making” as data showed that the global economic crisis has had a profound impact on people’s well-being, reaching far beyond the loss of jobs and income.
The OECD finds that over the past 20 years, OECD countries have made considerable progress in terms of overall well-being, but progress has been uneven between countries and in some countries, across population groups too.