GDP not key to better cities

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Joseph Stiglitz, Nobel prize-winning economist. @CamaraLucida / UN-HABITAT

A strong and expanding economy, does not necessarily lead to improved standards of living in cities according to the Nobel prize-winning economist, Joseph Stiglitz.

Speaking at the 7th session of the World Urban Forum in the Colombian city of Medellín, he said that Gross Domestic Product or GDP, which measures the market value of goods and services within a country, does not always create liveable cities.

Daniel Dickinson reports.

Duration:  1’37″

 

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