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Economic growth

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Global environmental and social welfare per capita has not improved since the 1980s. www.shutterstock.com

How the world’s economic growth is actually un-economic

The focus of the recently concluded G20 summit was economic growth. The final communiqué begins: “Raising global growth to deliver better living standards and quality jobs for people across the world is…
Are we really in charge of our own destiny? Flickr/Michael Shane

The perils of the last human: flaws in modern economics

Nietzsche’s much quoted line “God is dead” was not, as it is often presented, a statement of triumphant atheism but was a warning and a call to action. We had killed God with rationalism and science. With…
G20 leaders agreed to an economic growth target of 2.1% by 2018. AAP Image/Lukas Coch

Climate not included: the G20 growth target will accelerate crisis

Despite Australia’s best efforts, climate change muscled its way onto the G20 agenda. The summit’s final communique included one paragraph restating the importance of international negotiations in Paris…
United on the need for stronger economic growth. Lukas Coch/AAP

G20 leaders agree US$2 trillion growth goal: experts react

The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
The risks facing the planet call for a new approach to economics. Red Cross/AAP

G20 climate challenge calls for a rethink of economics

Focusing on growth, the Brisbane G20 leaders' summit has not grappled with three key issues. How much more growth can the planet survive? How can poorer nations raise their living standards to parity with…
Economic growth is a significant contributor to the climate change crisis. www.shutterstock.com

To get climate change under control, our growth fetish must go

The recent US-China climate announcement is a significant development in humanity’s equivocal response to the climate crisis. Despite over four decades of political engagement with climate change, tangible…
OECD Secretary-General Angel Gurria, right, is welcomed by Queensland’s Governor Paul de Jersey at Brisbane International Airport. Patrick Hamilton/AAP

Narrow G20 agenda must go ‘structural, social and green’

The G20 summit must “go structural, go social and go green”, says OECD secretary-general Angel Gurria. Speaking at Griffith…
The G20 represents 84% of the world economy. Jason Reed/AAP

The G20 economies explained in 12 charts

At the G20 meeting in Brisbane on the weekend we are going to hear a lot of talk about current accounts, GDP, CPI as well as a whole blizzard of more obscure acronyms and economic measures. To help you…
From St Petersburg to Brisbane. The G20 leaders are expected to cover a lot of territory. Sergei Karpukhin/EPA/AAP

Success for the G20 Leaders' Summit is …

Suppose that on the evening of November 16, the G20 leaders release a 25-page communique with hundreds of recommendations on global health, security, climate change, human rights etc. Would this be regarded…
Where are the women? Though light on female representation, the G20 finance ministers and central bank governors can’t ignore the role women could play towards boosting economic growth. Drew Angerer/EPA/AAP

Why Joe Hockey and the G20 need women onside

Many Australian women will know the G20 summit is coming up in Brisbane, but they may not think it has much relevance to their daily lives. But that is not the case. Joe Hockey needs us, and he may not…
The Earth is finite - so are there limits to growth? NASA's Marshall Space Flight Center/Flickr

Why uncontrolled climate change may be an ultimate limit to growth

“But who do you think’s right, Prof? The optimists or the pessimists?” At the end of my sustainability economics course in 2007, students were challenging me to end 20 years of professional fence-sitting…
Having a ball: How politicians can make smiley happy people. seanbjack

How to shape economic policy when we move beyond GDP

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of…
IMF managing director Christine Lagarde says the economic recovery underway in many markets is “brittle, uneven and beset by risks". Dave Hunt/AAP

The world has an economic growth problem, and more G20 spending won’t fix it

Last week the IMF revised its 2014 global economic growth forecast down to 3.3% from the 3.7% expected six months ago, confirming that most economies around the world, Australia included, continue to underperform…
Economic growth is incompatible with the rapid emissions reductions that are now necessary. AAP Image/David Crosling

We need economic ‘degrowth’ to stop a carbon budget blowout

A newly released report called Better Growth, Better Climate draws the seductive conclusion that “we can create lasting economic growth while also tackling the immense risks of climate change”. But while…
Australia is a long way from consensus on G20 economic growth. Jason Reed/AAP

Australia may be hosting the G20, but it’s no G20 leader

When the central bank governors and finance ministers from the G20 agreed in February to increase growth by at least two percentage points over the next five years, they fell short of delivering a common…

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