Abstract
GDP was once the most important indicator for measuring societal development and ensuring human welfare. Most people aspire towards a better life—“money equals happiness” still applies to most situations. Yet, there is evidence that happiness and life satisfaction does not necessarily correspond to material wealth. From 1990 to 2010, even as per capita GDP in China grew at rates exceeding 8%, reported life satisfaction showed a U-shaped trend.
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Notes
- 1.
United Nations Development Programme, http://hdr.undp.org/en/humandev.
- 2.
The New Economics Foundation, http://www.happyplanetindex.org.
- 3.
In other words, whether one values the group over oneself or vice versa. –Trans.
- 4.
See note in Chapter II. –Trans.
- 5.
See note in Chapter II. –Trans.
- 6.
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Zhu, D. (2022). Life Satisfaction and Underlying Factors. In: Li, P. (eds) The Quality of Life in Contemporary China. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-16-7021-3_6
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DOI: https://doi.org/10.1007/978-981-16-7021-3_6
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