Tuesday 28 June 2011

Tunisia: where growth and happiness diverged | beyondbrics – FT.com

If you look at classic economic indicators such as GDP growth, the Tunisian revolution seems surprising.


Of course the revolution did happen, and a recent study by Gallup, the research centre, makes a compelling argument for why economists and those who quote them had been giving too much importance to the wrong numbers all along.


Tunisia’s GDP per capita growth was accelerating, and the country had jumped up international rankings of competitiveness. In 2009 and 2010, according to Gallup, 56 per cent of Tunisians said the Tunisian economy was improving overall—a far better performance than many middle-income nations, where a median of 31 per cent think that.



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