When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

x
CALCALIST

Economic Metrics: Time To Dump The GDP?

The roots of the Gross Domestic Product measurement of economic health are in World War II. Even in 1968, RFK had doubts, and now criticism is growing about GDP's real value.

How did we end up using a war index in times of peace?
How did we end up using a war index in times of peace?
Itai Lahat

The formula used for assessing countries' economic growth has now been around for 71 years, and has become "the mother of all indicators."

The calculation of a nation's or region's gross domestic product, or GDP, is known for having far-reaching implications for markets as well as monetary and fiscal policymakers the world over.

Keep reading... Show less
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
Ideas

The Trauma Of War, A Poisoned Guide For Parenting

As a psychoanalyst, Wolfgang Schmidbauer has researched the psychological effects of war on children — and in the process, also examined his own post-War childhood in Germany. In this article, he warns that parents tend to use their experiences of suffering as a method of education, with serious consequences.

Parents traumatized by war make their own experiences of suffering a core principle of education.

Wolfgang Schmidbauer*

As a young married civilian, British poet Robert Graves describes his mental state after World War I. "Shells used to come bursting on my bed at midnight, even though Nancy shared it with me," he wrote in Goodbye to All That, his wartime biography. "Strangers in daytime would assume the faces of friends who had been killed."

Keep reading... Show less

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS

Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

Watch Video Show less
MOST READ