Measuring Welfare beyond Economics: The genuine progress of Hong Kong and Singapore, 1st Edition (Paperback) book cover

Measuring Welfare beyond Economics

The genuine progress of Hong Kong and Singapore, 1st Edition

By Claudio O. Delang, Yi Hang Yu


194 pages | 72 B/W Illus.

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Paperback: 9780367332853
pub: 2019-04-16
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pub: 2015-06-25
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Dissatisfaction with the Gross Domestic Product (GDP) as an indicator of a country’s development or a population’s wellbeing led to the development of the Genuine Progress Indicator (GPI). The GPI is an aggregate index of over 20 economic, social and environmental indicators, and accounts for both the welfare benefits of economic growth, and the social and environmental costs which accompany that economic growth. The result is better information about the level of welfare or well-being of a country’s population.

This book measures the GPI of Hong Kong and Singapore from 1968 to 2010. It finds that for both countries, economic output (as measured by the GDP) has grown more than welfare (as measured by the GPI), but important differences are also found. In Hong Kong, the GPI has grown for the whole period under consideration, while in Singapore the GPI has stalled from 1993. This is in line with most countries and is explained by the "threshold hypothesis" which states that beyond a certain level of economic development the benefits of further economic growth are outweighed by even higher environmental and social costs. The book argues that the growth of Hong Kong’s GPI is due to its favourable relationship with China and in particular its ability to export low-wage jobs and polluting industries, rather than successful domestic policies. A stalling or shrinking GPI calls for alternative policies than the growth economy promoted by neoclassical economists, and the book explores an alternative model, that of the Steady State Economy (SSE).

Table of Contents

1. Problems with the GDP 2. Alternatives to GDP 3. The GPI as an alternative indicator of welfare 4. Items used to calculate the GPI 5. The GPI of Hong Kong: results 6. The GPI of Singapore: results 7. The "threshold hypothesis" and the two city states 8. Towards a Steady State Economy

About the Authors

Claudio O. Delang is Assistant Professor at the Department of Geography of Hong Kong Baptist University.

Yi Hang Yu is Researcher at the Department of Geography of Hong Kong Baptist University.

About the Series

Routledge Studies in Sustainable Development

This series uniquely brings together original and cutting-edge research on Sustainable Development. The books in this series tackle difficult and important issues in Sustainable Development including values and ethics; sustainability in higher education; climate compatible development; resilience; capitalism and de-growth; sustainable urban development; gender and participation; and well-being.

Drawing on a wide range of disciplines, the series promotes interdisciplinary research for an international readership. The series was recommended in the Guardian’s suggested reads for Development and Environment.

The series welcomes submissions from established authors in the field as well as from young authors. To submit proposals, please contact the Editor, Rebecca Brennan (

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Development / Sustainable Development
BUSINESS & ECONOMICS / Environmental Economics
NATURE / Ecology
POLITICAL SCIENCE / Public Policy / Environmental Policy
SCIENCE / Environmental Science