That article determines a "positive transition" based upon the raw percent growth in unadjusted GDP since 1995, which is dubious. The "value" of that metric is illustrated by referencing one of the 6 Soviet Republics that page "forgot" about: Moldova. Moldova is Europe's poorest country and suffers from widespread poverty, rampant corruption, and is a major source of things like human trafficking of which the government is involved. Yet it's seen an increase of said metric in 250%, so the article must conclude it's been one of the most successful transitions. Handy instance to suffer a bout of amnesia on.
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I've started to become increasingly jaded about economic indicators not only because of articles like this, but because of how they are used in general. We seek data on things like economies not because those numbers matter whatsoever, but because those numbers are supposed to reflect of an objective measurement of the quality of life of people living under that economy. In effect, it's an effort to create objective metrics to try to impartially answer subjective questions.
But it ultimately fails, because subjective determination is going to be based on a practically infinite number of metrics, many of which may be immeasurable. So why not simply ask the people? Should we not be aiming to maximize e.g. contentedness/capita instead of GDP/capita and just hoping it leads to the former, somehow? Of course that's a far harder metric to maximize, but that's the whole point. Just doing everything to maximize one metric's value and then waving a "Mission Accomplished" banner clearly is not getting the job done.
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<tangent> I've started to become increasingly jaded about economic indicators not only because of articles like this, but because of how they are used in general. We seek data on things like economies not because those numbers matter whatsoever, but because those numbers are supposed to reflect of an objective measurement of the quality of life of people living under that economy. In effect, it's an effort to create objective metrics to try to impartially answer subjective questions.
But it ultimately fails, because subjective determination is going to be based on a practically infinite number of metrics, many of which may be immeasurable. So why not simply ask the people? Should we not be aiming to maximize e.g. contentedness/capita instead of GDP/capita and just hoping it leads to the former, somehow? Of course that's a far harder metric to maximize, but that's the whole point. Just doing everything to maximize one metric's value and then waving a "Mission Accomplished" banner clearly is not getting the job done. </tangent>