The disappointments of economic growth

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Chapter 10 in Managing without Growth, Second Edition, 2019, pp 241-270 from Edward Elgar Publishing

Abstract: Proponents of economic growth claim that it is essential for meeting a variety of goals. This chapter examines the extent to which progress has been made and goals have been reached in several OECD countries. Consideration is given to full employment, poverty reduction, reduced income and wealth inequality, and the environment. The performances of Canada, Sweden, the UK and the USA are compared using OECD data. The record is disappointing. While improvement has occurred in some circumstances, employment has seldom been full, poverty levels remain high, income and wealth inequality is increasing, and environmental conditions, especially at the larger regional and global scales, are worsening.

Keywords: Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
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