10th Week : Measurement , Indices and Indicators for Sustainable Development.
For this week's online lecture, I learned that in the world of academic and research, the instrument or mechanism used to measure any achievement is called an index. There had been a several types of indexes developed for the purpose of measuring all sector and aspect of life.
Malaysian Shariah Index, one of the indexes that the nations practice, is a scientific method of measurement in determining the government's status in carrying out the nations administrations based on the prinples of Maqasid Shariah (Objective of Shariah).
As mentioned by Robert Kennedy, 18th March 1968, "The Gross National Product (GNP) measures everything except that which makes life wortwhile". What does he meant in his speech is that GNP missess the importance of envrironmental health. Economic activity often depletes natural resources or causes environmental degradation, but these costs are not subtracted from GNP/GDP. Besides, we also know that GNP/GDP does not measure happiness, life satisfaction or mental health. Factors like stong family bond, community support and a sense of belonging are not reflected in economic output.
We must also realized that relying solely on GNP/GDP to gauge progress can lead to policy decisions that prioritize economic growth at the expenses of human well- being, environmental sustainability, and social cohesion.
Is there a happiness index? We should create and apply it in our society
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ReplyDeleteI've only heard of the term index used in mathematical way, never heard of shariah index. Great sharing! I learnt a new thing
ReplyDeleteGreat info.. thanks
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ReplyDeleteNice infoππ
ReplyDeleteGREAT!
ReplyDeleteGood sharing
ReplyDeleteExcellent breakdown!
ReplyDeleteAmazing
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