23 AUG,2020 | MEDC
Covid-19 has made an already unequal world even more unequal. In this context, a new meaning of the word welfare needs to be explored. The idea of inclusive and sustainable growth is a good starting point. Focusing on GDP alone as the best measure of economic growth is misleading. The socio-psychological foundations of the development process (education, health, trust, security, and a sense of community) are every bit as important as the economic underpinnings. The physical and mental health of the local population matters a lot and both are under increasing threat from the ongoing pandemic and lockdown. We have now reached a stage wherein social changes, rather than medicines, are our key defences against the spread of infectious diseases. Having technological infrastructure in place is of no use if democratized information is not disseminated systematically to transform society and change regressive attitudes. Striving to grow GDP is not the same as ensuring the welfare of society, and the sooner it is recognized, the better.
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