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Articles on Economic growth

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Delivery drivers sit on their electric scooters while waiting for orders outside a restaurant in Beijing, April 26, 2021. Greg Baker/AFP

How the pandemic has changed China’s economy – perhaps for good

In China, as elsewhere, the pandemic has turned the world of work upside down.
Wind turbines at the Mehrum coal-fired power station in the Peine district in Lower Saxony, Mehrum. The phase-out of coal is planned by 2038. Julian Stratenschulte via GettyImages

Energy transitions: The role of institutions and market structures

Good governance should be seen as the first and main tool for achieving climate change mitigation as policymakers pursue sustainable solutions for the environmental crisis.
State-owned enterprises, such as Transnet, which runs South Africa’s ports, loom large over the economy. Getty Images

Corruption in state-owned companies hurts low skilled workers the most: we show how

Corruption and fraud make a few rich households richer. But the already poor and low-skilled lose their jobs and become poorer.
A protest organised by the Congress of South African Trade Unions in South Africa. The question is: on whose behalf does the union movement advocate? Phillip Magakoe/AFP via Getty Images

South Africa’s way forward: abandon old ideas, embrace bold experimentation

In this moment of crisis, South Africa urgently needs decisive action. But all too often South Africans of all political stripes seem trapped in stale discourses.
Students at the University of Cape Town in South Africa. Joblessness has hit even those with degrees. Photo by © Louise Gubb/CORBIS SABA/Corbis via Getty Images

Millions of young South Africans are without jobs: what are the answers?

Promoting entrepreneurship will help reduce unemployment in South Africa. But the government has to step up its game.
European Commission president Ursula von der Leyen presents the “Green New Deal” plan to fight climate change before the European Parliament in Brussels on December 11, 2019. Aris Oikonomou/AFP

For the EU’s ‘Green Deal’ to succeed, economic theory must take into account qualitative growth

To achieve sustainable growth under the constraint that consumption is independent from the use of natural resources, we must move along the path of qualitative growth.
Researchers have long been searching for a more comprehensive way to assess national progress than GDP. erhui1979 via Getty Images

Pandemic recovery will take more than soaring growth – to fuel a more equitable economy, countries need to measure the well-being of people, too

GDP only measures economic growth – not inequality, poverty or unpaid work like elder care. So researchers in the Netherlands developed a new way for governments to see how people are actually doing.
People queue for food aid south of Johannesburg. The impact of COVID-19 on people’s livelihoods has been severe. Waldo Swiegers/Bloomberg via Getty Images

COVID-19 has hurt some more than others: South Africa needs policies that reflect this

South Africa’s economic recovery plan must focus on at least three areas: protecting vulnerable populations, supporting the vulnerable sectors and external trade diversification.
Tatiana Bobkova/Shutterstock

(Economics) books to read over summer

From money creation to COVID to uncertainty to the end of rapid economic growth, Peter Martin’s summer reading list is unsettling and uplifting.

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