All these flaws call into question the unchallenged use of GDP when allocating structural funds. This report, Commissioned by the Greens/EFA Group in the European Parliament, looks at complementary measures which the EU can adopt for this process. These could include the GINI coefficient, the share of households with very low employment levels or the share of those suffering from acute material deprivation.
Ultimately what is required is a system of measurement which includes social, economic and environmental factors. This is the central theme of the Green New Deal, which asks us to question how we measure economic development and the current perspectives which we adopt when evaluating the success or failure of an economy or region.