Economists, statisticians, and policy analysts will gather in India to explore the role of a new measure of national progress that can serve as an alternative to Gross Domestic Product.
February 1, 2019 — Representatives of the government of India will meet February 13 to study how Gross Domestic Knowledge Product (GDKP), a concept developed by Center senior fellow Umberto Sulpasso, can be applied to economic change in India.
Presiding at the conference on behalf of the government of India will be Dr. Rajiv Kumar (right), Vice Chairman of the National Institution for Transforming India (NITI); Pravin Srivastava (below), Minister of Statistics, Planning and Implementation; and Dr. Sanghamitra Bandyopadhyay, Director Indian Statistic Institute.
Founding members of the GDKP INDIA team include former ambassadors K P. Fabian and Bala Shetty, and Ashish Kumar, director of the United Nations Statistical Institute for Asia and the Pacific.
Sulpasso developed GDKP as a method of measuring a country’s wealth in the Digital Age. GDKP shifts from the production of goods and services used to calculate the Gross Domestic Product to instead measuring the production of knowledge.
Sulpasso will participate in the conference. Jeffrey Cole, director of the Center, will appear on the conference progress in a video presentation.
GDKP: an alternative to Gross Domestic Product
As developed by Sulpasso, GDKP takes a different approach compared to Gross Domestic Product as a measurement of a nation’s growth and future. For example:
- GDKP provides a fundamental measure of growth by including a wide range of factors that involve the creation and accumulation of knowledge – the key international factors measuring wealth in the digital era.
- GDKP creates a comparable measure of the production of individual wealth based on knowledge, which counts not only for evaluating the future wealth of individuals but also the their contribution to the wealth of their country.
- GDKP creates a optimal capital investment measure for private companies in knowledge rather then in other forms of capital investments.
- GDKP is based on four basic pillars:
- Knowledge items (Ki)
- Country’s Knowledge Producing Matrix (CKPM)
- Country’s Knowledge User Matrix (CKUM)
- Cost of Individual Learning, compared to the Cost of Living
- The value of objects that are considered standard knowledge items available in the world, that are also produced in that country, such as production of newspapers, schools, patents, teaching, and digital items.
- The value of specific knowledge items related to national culture produced in a specific country, and how these items change over time. In India, for example, these specific knowledge items include the proliferation of cultural and religious teaching (yoga, Veda, and dance schools), religious festivals, and harvest festivals.
- The diffusion of knowledge items within the total population as a tool to evaluate future growth.
- The multiple effects of digital knowledge distributors on the population over time over time (fiber optic cable, learning platforms, satellites, and other digital educational tools).
Comparison of knowledge produced by government, private institutions, and households as a differentiated way to impact on the GDP to elaborate on the country’s knowledge producing matrix.
- The value of knowledge bought by individuals as a measure of individuals perception of modern way to produce wealth.
- The value of knowledge acquired by private companies as a way to measure their modernization efforts, which is reflected in the Country Knowledge User Matrix.
The cost of learning for individuals as a political reference for government budgeting decisions to support young citizens.
- The cost of investing in knowledge for sectors of the economy as a government budgeting decision to favor fiscal policy to modernize a country.
Go here for details about GDKP,
February 1, 2019