In February 2008, the President of the French Republic, Nicholas Sarkozy, unsatisfied with the present state of statistical information about the economy and the society, asked Joseph Stiglitz (President of the Commission), Amartya Sen (Advisor) and Jean Paul Fitoussi (Coordinator) to create a Commission, subsequently called “The Commission on the Measurement of Economic Performance and Social Progress” (CMEPSP). The Commission’s aim has been to identify the limits of GDP as an indicator of economic performance and social progress, including the problems with its measurement; to consider what additional information might be required for the production of more relevant indicators of social progress; to assess the feasibility of alternative measurement tools, and to discuss how to present the statistical information in an appropriate way.
Nobel Prize-winner Joseph Stiglitz believes that economists might have foreseen the real estate bubble crash had they looked past GDP growth to the distribution of income among the American middle class. But looking at median markers and well-being isn't part of the current national statistical puzzle. Yet a number of nations and institutions are beginning to acknowledge they can't predict the future on GDP alone. They need to know how people are feeling, and what they want.
Fabrizio Di Amato, CEO of Maire Tecnimont, says business is rebounding from crisis levels. His polymer-refinement supply company has seen an influx of new orders from the Middle East and Asia. Cooperation with Abu Dhabi has been essential. To become a worldleader in its field, the company used a carefullydevised program of mergers, acquisitions, and purchases.
Valerio Gruppioni of the flourishing Sira Group says this isn't the time to make inroads into the Chinese market. Either you're already a player or you're not. His own Bologna-based aluminum radiator company has established a strong Chinese presence. It now seeks to consolidate the edge.
ESSAY The existing links between democracy, the marketplace, and national development generate passionate debate, not only among scholars but also among politicians who seek ways of modernizing existing governmental systems or creating better ones without impeding democratic participation and getting the way of defending citizen rights.
Family-owned shoemaker Manas Spa got its small-town roots in 1950s. Since then, it has expanded both nationally and internationally. It now exports to 88 countries, including Russia, China and South Korea. A new eco-friendly ad campaign featured the development of cardboard stores, all of them opened in Beijing since 2007. Company CEO Cleto Sagripanti says the company goal is to keep a national infrastructure while tapping into the global market.
The ongoing Greek crisis has taken a currency that until recently was seen as destined to supplant the dollar as a marker for national reserves and robbed it of both its ballast and momentum. In political terms, it's time for the leaders of major European states to face the facts: They must open a new phase that emphasizes agreedupon positions so as to better face global reality.
The Osnago, Italy-based FOMASgroup specializes in producing an array of forged steel products, manufacturing parts that are as essential to nuclear power plants as they are to wind turbines. Despite the worldwide recession, FOMAS has made important inroads in India and China, opening a Chinese facility in near-record time. . Company CEO Jacopo Guzzoni credits the success of his company to patience, attention to detail, and awillingness to track the changing needs of the market.