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As long as GDP growth is the primary economic goal, achieving prosperity for all within the means of what the Earth can provide simply isn’t possible.
The following excerpt is from the new book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist, by Kate Raworth (Chelsea Green Publishing, 2017)
Once a year, the leaders of the world’s most powerful countries meet to discuss the global economy. In 2014, for instance, they met in Brisbane, Australia, where they discussed global trade, infrastructure, jobs and financial reform, stroked koalas for the cameras, and then rallied behind one overriding ambition. ‘G20 leaders pledge to grow their economies by 2.1%’, trumpeted the global news headlines—adding that this was more ambitious than the 2.0 percent that they had initially intended to target.