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Social Progress Index (SPI)—a new way to measure social progress that goes beyond the dominant metric of development, gross domestic product.

“GDP is simply too one-dimensional to provide a complete measure of a nation’s progress,” says Michael Green, who heads the Social Progress Imperative, a non-profit created to promote the new index. He mentions Nigeria and Ghana as examples. Nigeria has a higher GDP but has had slower social progress. Ghana, however, has a smaller GDP but ranks higher on the SPI. Moreover, says Mr Green, metrics improve accountability and create healthy competition. “They provoke action, the desire to be on top,” he argues”.

From: http://www.economist.com/blogs/feastandfamine/2013/04/social-progress 20130420_woc476

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