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Books > Social sciences > Sociology, social studies > Social institutions
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Measurement of Well-Being in the Current Debate (Hardcover)
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Measurement of Well-Being in the Current Debate (Hardcover)
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The assessment and measurement of the level of well-being in a
society have been on the radar of researchers and institutions for
many years. The commonly held opinion was that this kind of
research was useful for developing economies, whereas the Western
world, thanks to its long-established high standards of living,
would have no need for this kind of research. However, the
political and economic events of the Seventies and Eighties have
called this paradigm into question, highlighting the increasing
inequality even in high-income countries, in the access to both
resources and services. At the same time, there has been growing
awareness of the consequences of overexploiting natural resources
and pollution. Consequently, sustainability issues have been raised
alongside equity issues. All of this provided the basis for an
approach to research that would look beyond the mere monetary value
and evaluate different aspects of the quality of life. Now, we have
reliable evidence of how well people live in society and how much
is available to develop human faculties. These measurements help
policymakers determine whether the choice of policies are suitably
geared towards the improvement of citizens well-being and where
greater efforts should be made. The authors have developed their
analysis in this context. By aggregating variables, they have built
a multidimensional indicator of well-being able to balance the
trade-off between the immediate availability and completeness of
information. The book is organised as follows: The first chapter
provides a concise definition of well-being and lists the issues
that arise from the measurement of well-being through GDP. It then
examines and discusses the two different approaches to measurement:
the capabilities of Amartya Sen and the indicators of Dasgupta. The
second chapter provides a general description of the main
measurements of well-being. The third chapter analyses the
literature where the authors research falls. The fourth chapter
describes the development and the methodology of the indicator,
whilst the fifth chapter discusses the results of the indicators
and draws some conclusions. The book describes a multi-speed
Europe, where only a few countries, sparsely populated, enjoy high
standards of well-being. Larger countries with a variety of needs
and preferences have greater difficulties. Finally, several
countries that have recently joined the EU must lay the groundwork
for the implementation of policies for the well-being of their
citizens. The European Union should guarantee the pursuit of
economic and human development in all Member States. In order to do
this, the policies should be focused not only on improving the
economic reference parameters, but also on increasing the
well-being of all citizens. The political authorities need to
realise that the enlargement of the European Union, which includes
heterogeneous countries, requires a different way of operating and
tackling the challenges of the future. The cultural differences and
changes in the global economy should be the starting point for
political and economic actions so that Europe can seize new
opportunities and guarantee well-being prospects for all of its
citizens.
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