How much growth is required to achieve good lives for all? Insights from needs-based analysis

Jason Hickel and Dylan Sullivan

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Some narratives in international development hold that ending poverty and achieving good lives for all will require every country to reach the levels of GDP per capita that currently characterise high-income countries. However, this would require increasing total global output and resource use several times over, dramatically exacerbating ecological breakdown. Furthermore, universal convergence along these lines is unlikely within the imperialist structure of the existing world economy. Here we demonstrate that this dilemma can be resolved with a different approach, rooted in recent needs-based analyses of poverty and development. Strategies for development should not pursue capitalist growth and increased aggregate production as such, but should rather increase the specific forms of production that are necessary to improve capabilities and meet human needs at a high standard, while ensuring universal access to key goods and services through public provisioning and decommodification. At the same time, in high-income countries, less-necessary production should be scaled down to enable faster decarbonization and to help bring resource use back within planetary boundaries. With this approach, good lives can be achieved for all without requiring large increases in total global throughput and output. Provisioning decent living standards (DLS) for 8.5 billion people would require only 30% of current global resource and energy use, leaving a substantial surplus for additional consumption, public luxury, scientific advancement, and other social investments. Such a future requires planning to provision public services, to deploy efficient technology, and to build sovereign industrial capacity in the global South.

JEL-codes: N0 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2024-09-01
New Economics Papers: this item is included in nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in World Development Perspectives, 1, September, 2024, 35. ISSN: 2452-2929

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