We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet


Comments (0)
“PROSPERITY WITHOUT GROWTH” IS NOT ONLY AN ALTERNATIVE VISION BUT ALSO A NECESSITY FOR OUR WORLD Abstract This essay explains the impact of growth on prosperity in accord to “Prosperity without growth”, a book by Professor Tim Jackson. It emphasises on the fact that “Prosperity without growth” is not only an alternative vision but also a necessity for our world…
Download full paper
Read TextPreview

Extract of sample

Download file to see previous pages... TABLE OF CONTENTS Introduction 4 Limits To Growth 4 Mathematical Analysis 5 Role And Impact Of Technical Advancements 7 The Quality Of Life 7 Challenges 7 Transition To A Sustainable Economy 8 Conclusion 8 References 10 1. Introduction Barack Obama (27 March 2008) said, “I think all of us here today would acknowledge that we’ve lost that sense of shared prosperity”. With the escalating gap between the economy of nations and amongst the individuals of same nation, prosperity is declining. The definition of prosperity needs to be revisited considering the world’s limitation of resources. According to Jackson (2009), global economy is constrained by finite ecological limits. The flourishing of human society in context of ecological limits is not only an alternate vision but also a necessity. This is a finite world with limited resources. To add to this, the population is expected to rise to 9 billion [1] and even more within a span of just three decades. Having a vision of prosperity for such a scenario is the need of the hour. Jackson (2009) has scrutinized the assumption that whether growth is essential for prosperity or not. Herman Daly (2008) and others have continuously tried to put forward the notion of steady-state economy. Jackson’s Prosperity Without Growth (2009) has been a vital attempt on the same notion and following it there are considerable “De-growth” European movements (Latouche, 2007) and surfacing of organisations like CASSE (2010). These actions and notions are all in favour of removing the growth element from the current implications of the economy. The arguments against this idea constitutes primarily of the reforms of the consumer-capitalist society. However as per Trainer (2010), the consumer capitalist society cannot be fixed or reformed. Rather, it needs to be scrapped and then remade along different lines. 2. Limits to Growth There are some huge issues down the line and these include the complete consumption of the environment, resource depletion, war, conflicts and lessening of social bonding. The key cause behind this would be overconsumption. Fotopoulos (2007) comments on the “de-growth initiative” and states that people are currently trying to live at standards of affluence which are too high for all to share. This is leading to an unstable society and considering the environmental factors, the adversity of results can be well analysed. Considering the following two examples, it is clear that the there needs to be a limit set to the growth factor or else, there would be no prosperity at all. Example 1: As per World Wildlife Fund (2009), it takes around 8 hectares of potent land to supply water, food and settlement area for one individual in Australia. After three decades, considering the number of 9 billion, 72 billion hectares of potent land would be required. This is approximately 10 times of the land which would be available at that time. Example 2: The Green House issue is well addressed by Hansen (2008) and Meinschausen et al (2009). In order to discontinue carbon content present in the atmosphere, the CO2 eliminations would be required to be completely eliminated by possibly 2030. Such examples clearly explain that the rich people’s living standards would no longer be sustainable in the coming future. People are living in way which makes it completely impossible to share resources by all. 3. Mathematical ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
The economic growth and financial development relating to brazil
The economies of rapidly emerging countries widely known as BRIC (Brazil, Russia, India and China) have recently become the objects of fascination and speculation for international investors, policy makers, economists and academics worldwide.
16 Pages(4000 words)Essay
Economic Growth
Economic growth is one of the major macroeconomic objectives. Economic growth is regarded as a necessary and desirable feature of modern economies . Economic growth is widely defined as ‘the sustained increase in real per capita incomes’ .
4 Pages(1000 words)Essay
The Western Path to Development: Economic Growth
The major advantage of economic growth is associated with reduction of poverty. However, Donaldson (2008, p. 2127) argues that there are negative exceptions where economic growth leads to an increase of individual income that is less that the expectations of economists.
8 Pages(2000 words)Essay
Growth, Development, and Economic Transformation
The prevalence of capitalist mindset suggests that the owners incur profits at the expense of laborers which cause a sharp gap in the rural-urban wages, leading to sharp inequalities. As a result, individuals shift to cities to reduce this inequality which would ultimately increase the population in urban areas as compared to rural.
3 Pages(750 words)Essay
Thailand's Economic Development and Growth
The main research question aims to find out the impact of economic growth on three main indicators of economic development namely, health, literacy and incidence of poverty and inequality. This is a qualitative paper drawing its conclusions mainly from quantitative analysis done by institutions such as, the Bank of Thailand and Asian Development Bank.
13 Pages(3250 words)Research Paper
Long run economic growth and development
This essay focuses on the interrelationships of particular aspect of economic development with the long-term growth of a country. In order to understand, why some countries are able to develop and grow better than others, it is important to consider the theoretical background of development and determine the drivers of growth for different nations.
11 Pages(2750 words)Essay
Economic Development Stimulates Population Growth
The relationship between economic development and population growth goes in two directions. The population seems to grow geometrically while the food supply is arithmetical. Higher economic development increases population by motivating earlier marriages and high birth rates as well.
4 Pages(1000 words)Essay
Analyse the difference between Economic Growth & Economic Development. What are the problems concerning measuring economic development Illustrate your answer using case studies
The term economic development is broader and more inclusive of the economic factors than economic growth. When a region experiences economic development, it implies that there is an improvement in the aspects that affect human welfare. Economic development is
4 Pages(1000 words)Essay
Economic Growth and Development
Economic growth results from the increased production and consumption of a country’s goods and services. Should these goods and services be of the right kind, they benefit the people and thus improve their quality of life and economy. However, economic growth does not necessarily lead to economic development
3 Pages(750 words)Research Paper
"Development is only concerned with the economic growth of a country" discuss
It, therefore, encompasses three main regions government policies to meet economic goals such as inflation, unemployment, and sustainable
3 Pages(750 words)Essay
Let us find you another Essay on topic ECONOMIC OF GROWTH AND DEVELOPMENT for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us