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Fri May 31

New Zealand's 'well-being budget': how it hopes to improve people's lives

Written by Christoph Schumacher, Professor of Innovation and Economics, Massey University

New Zealand developed a set of well-being indicators to guide policy advice. AAP/Boris Jancic, CC BY-ND

New Zealand’s first “well-being budget” has landed, prioritising well-being over economic growth. So how is it different to any budgets that we have seen in the past?

The government has moved away from GDP as a sole indicator of...

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