question archive According to a number of Genuine Progress Indicator (GPI) studies, low- to middle-income countries in East Asia are fast approaching or have exceeded their optimal macroeconomic scale
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According to a number of Genuine Progress Indicator (GPI) studies, low- to middle-income countries in East Asia are fast approaching or have exceeded their optimal macroeconomic scale. Outline some of the policy measures that could be implemented in both poor and rich countries that could boost the sustainable economic welfare of the East Asia region without as much reliance on GDP growth. Explain how the policies would benefit low- to middle-income countries in East Asia.