NOBEL prize-winning American economist Joseph Stiglitz has warned Scotland not to pursue the economic model of the US, where he said rising Gross Domestic Product (GDP) masks increased poverty for many.
Professor Stiglitz, giving evidence by video link from Columbia University in New York, was being questioned by MSPs on whether new ways of measuring national economic performance have to be found.
He was highly critical of GDP as such a measure, claiming it said little about how the citizens of any country were faring.
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