CULTIVATING PROSPERITY AND RESILIENCE: A HOLISTIC APPROACH TO SOCIETAL PROGRESS THROUGH MORAL-ETHICAL GROWTH INDICES

Abstract

This paper addresses the multiple dimensions of societal progress by challenging the conventional emphasis on economic growth as the sole measure of development. Inspired by Joseph E. Stiglitz's insights into the importance of moral-ethical growth, we introduce novel indices - the Ethics Perception Index (ETPI) and the Regional Ethics Perception Index (RETPI). These indices quantitatively measure moral-ethical growth at national, regional and local levels, filling a critical gap in existing methodologies. Importantly, we emphasise the resilience inherent in moral and ethical growth, demonstrating its capacity to recover and adapt in the face of challenges. Our systematic approach incorporates indicators related to justice, equity, environmental stewardship and general ethical behaviour, providing a comprehensive framework for assessing societal progress beyond traditional economic metrics. In examining the ethical consequences of economic growth, we emphasise the importance of values such as justice and equity in promoting inclusive development. While acknowledging the limitations of our research, we envision future applications of our indices to guide policy and research efforts aimed at promoting equitable and sustainable moral-ethical growth. This work contributes to a nuanced understanding of societal progress and highlights the need for holistic policies that ensure that the benefits of progress are shared by all citizens.