Measuring what matters

As states prime the pumps of economic recovery, they must change the yardsticks of measuring progress.

As many as 150 million people globally, roughly the combined population of Canada, France, and the United Kingdom, may have fallen into pandemic-induced extreme poverty over the past year. Partly as a result, governments are currently pumping unprecedented amounts of money into their Covid-19 response, spending over $14.6 trillion on rescue and stimulus measures in 2020 alone.