MIT Sloan Management Review Article on The Pros and Cons of 'Growth'
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- Andrew Winston
- MIT Sloan Management Review
- 2020
It’s a complicated issue, but one we all need to address in a world facing existential challenges like climate change, inequality, and resource pressures.
First, the good side of growth. It is undeniable that economic expansion has increased the well-being of humanity. The wonderful book Factfulness by the late Hans Rosling — who delivered a massively popular TED talk on statistics — shows how much progress we’ve made in reducing human misery. Rosling points out that in 1997, 42% of the people in India and China were living in extreme, soul-crushing poverty (that is, roughly less than $2 per day of income). In just 20 years, India reduced that share to 12% and China to an amazing 0.7%.
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MIT Sloan Management Review Article on The Pros and Cons of 'Growth'