gs1medium
Stiglitz Commission established by the President of the United Nations General Assembly was in the international news. The commission was supposed to deal with
- A.The challenges posed by the impending global climate change and prepare a road map
- B.The workings of the global financial systems and to explore ways and means to secure a more sustainable global order
- C.Global terrorism and prepare a global action plan for the mitigation of terrorism
- D.Expansion of the United Nations Security Council in the present global scenario
▶ Answer & Explanation
Correct answer: B. The workings of the global financial systems and to explore ways and means to secure a more sustainable global order
The Stiglitz Commission, formally known as the Commission on the Measurement of Economic Performance and Social Progress, was tasked with evaluating the limitations of traditional economic indicators like GDP. It aimed to identify alternative measures that better reflect economic performance and social well-being, particularly in the context of sustainable development and the functioning of global financial systems.
Source: UPSC gs1 2010