Summary of New Growth Models

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Rating

8

Qualities

  • Comprehensive
  • Analytical

Recommendation

Large swathes of the world’s population are now out of poverty, with greater opportunities for many. But huge problems remain pervasive. This World Economic Forum report looks beyond GDP for ways to measure economic and human progress in a more comprehensive, viable way. getAbstract recommends this paper’s expert findings to executives, policy makers and activists looking for alternative, meaningful models of future global growth.

About the Author

The World Economic Forum is an independent global organization that engages leaders in business, politics, academia and society to improve the state of the world.

 

Summary

The world’s most urgent problems require new ways of thinking about growth. Issues such as developed countries’ “unbalanced, unstable and unsustainable growth patterns” that threaten the global economy; the huge, growing gap between rich and poor within nations; high jobless rates in slow-growing economies; and environmental damage inflicted on present and future generations demand “new growth models” that go beyond GDP. While new paradigms would retain aspects like innovation, openness and competition, they could evolve to resemble the “endowment model,” in which income earned from an investment doesn’t drain the principle over...


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