Vanuatu: Another Kind of Wealth

In the language of modern economics, the small island nation of Vanuatu in the South Pacific is labeled one of the world’s ‘least developed countries’. At the same time, Vanuatu has ranked number one on the pioneering Happy Planet Index. This incongruity points to major issues with today’s standard measures of human progress, and has many policymakers rethinking notions of wealth and how they shape development policy.