French President Nicolas Sarkozy has urged the international community to use new ways to measure economic prosperity with more emphasis on the environment and a nation's social well-being.
A panel of experts, set up by Sarkozy to work on a set of proposals for a new system to measure economic growth, presented its findings in Paris on Monday ahead of next week's G-20 summit in the United States.
The new report, chaired by the American Nobel Prize-winning economist Joseph Stiglitz, has recommended a shift away from using Gross Domestic Product, or GDP, as the sole focus for gauging prosperity.
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