Economics

Gross National Happiness (Gnh)

Published Oct 25, 2023

Definition of Gross National Happiness (GNH)

Gross National Happiness (GNH) is a measurement of the overall happiness and well-being of a nation’s population. Unlike traditional economic indicators such as Gross Domestic Product (GDP), which focus solely on financial prosperity, GNH takes into account a wider range of factors that contribute to people’s quality of life. These factors include mental and physical health, education, social connections, environmental sustainability, and cultural preservation.

Example

One example of a country that has adopted GNH as a guiding principle is Bhutan. In Bhutan, the government strives to promote holistic development and prioritize the well-being of its citizens above economic growth. This includes policies and initiatives that aim to improve education, healthcare, environmental conservation, and cultural preservation.

Rather than solely focusing on income and material possessions, the Bhutanese government aims to create a society where people are able to flourish and experience a high level of happiness. This includes promoting sustainable development, preserving cultural traditions, and fostering a sense of community and social connections.

Why Gross National Happiness Matters

Gross National Happiness offers an alternative approach to measuring a nation’s progress and success. By taking into account factors beyond financial wealth, it provides a more comprehensive understanding of the well-being of a population.

This holistic perspective helps policymakers and governments make more informed decisions that prioritize the overall happiness and well-being of their citizens. It also encourages a shift towards sustainable development practices and promotes a greater emphasis on social and environmental considerations.

By measuring and prioritizing Gross National Happiness, a country can work towards creating a society that values the overall well-being of its people, rather than solely focusing on economic growth. This can lead to greater social cohesion, environmental sustainability, and overall satisfaction among the population.

Note: This definition was generated by Quickbot, an AI model tailored for economics. Although rare, it may occasionally provide inaccurate information.