The GDP Delusion: Why Growth Doesn't Mean Well-being

Mina Patel's presentation "Beyond GDP: Why Growth Doesn't Mean Development" highlights the fundamental flaw in using Gross Domestic Product (GDP) as the sole measure of a country's well-being. It argues that while conventional economics equates growth with development, GDP fails to account for crucial factors like income inequality, environmental degradation, and overall social well-being. This narrow focus can mask severe underlying problems, necessitating a shift towards alternative metrics like the Human Development Index (HDI) and Genuine Progress Indicator (GPI) to truly assess national progress.

Building on this critique, she offers an alternative: a regenerative economy. She outlines actionable strategies across various levels—including policy and governance levers, business model transformation, community-led initiatives, finance and investment alignment, and individual consumer actions—all measured by progress indicators that prioritize ecological health and social equity over mere financial growth.

Mina Patel
Mina Patel brings a distinctive global perspective to her work, shaped by a Bachelor's in Political Science and a Master's in International Economics and Business. With over 25 years of experience spanning the public, private, and non-profit sectors, she possesses a profound understanding of income disparities and social and economic injustice.

Her extensive lived experience, gained from working, studying, and traveling in over 60 countries, fuels her innate curiosity and drive to connect with diverse people and ideas. Mina’s multi-pronged background has allowed her to approach complex issues with a holistic view and seek solutions beyond conventional thinking.