Summary of Economic Growth Has Stalled. Let’s Fix It

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Economic Growth Has Stalled. Let’s Fix It summary
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At a time when many economists are abandoning economic growth as a metric of human progress, economist Dambisa Moyo reminds the world of what growth has achieved and why societies must pursue it. She contends that it’s time to create new economic paradigms to foster growth going forward. getAbstract recommends Moyo’s authoritative ideas to economists and anyone concerned about solving the world’s most intractable issues.

About the Speaker

Macroeconomist Dambisa Moyo is a former consultant at Goldman Sachs. She wrote Dead Aid, How the West Was Lost and Winner Take All.

 

Summary

Today’s greatest global challenge is to generate and maintain long-term economic growth. If society can accomplish this, solutions to the world’s other pressing problems – climate change, overpopulation, violent radicalism, and so on – will follow. Yet major Western economies are struggling to rebound from the 2008 financial crisis. The United States and Europe are facing increasing sovereign debts, talent shortages and slowed productivity. Meanwhile, the economies of developing nations must grow by at least 7% per annum to double per capita incomes within a single generation. Alas, the BRICS economies...


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