The Art of Comparing Economic Growth
The article responds to the Secrets of Transformation multimedia series, a joint project of Bertelsmann Transformation Index and Deutsche Welle. Comparison is an art. Just as statistics is the art of lying, comparison is the art of demoralizing. Theodore Roosevelt, often seen as one of the best U.S. presidents, once famously said, “comparison is the […]
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Global Economic Symposium Reader: Redefining Success!
This article is the foreword published in “Redefining Success”, written by Thomas Rausch. For decades, decision-makers in politics and business have measured success in “hard currency”: the GDP of an economy or the profit of a company have served as the gold standard of their respective welfare. The global economic […]
Inclusive Growth – Possibilities in the New Egypt
There has always been global interest in the development process undergone by developing countries to achieve higher growth rates. This focus is primarily on outcomes and tends to ignore the actual repercussions of certain development activities on societies and local economies. It is not uncommon that developing countries experiencing rapid […]
Have we reached the limits to growth? Where you sit is where you stand!
“Anyone who believes exponential growth can go on forever, is either a madman or an economist.” (Kenneth Bouldin, economist) At university, the first graph we were shown in the economics class was plotting GDP growth in time, throughout the history of humanity. It turns out growth is actually a relatively […]
Ukraine: is sustainability without machine guns possible?
“You see a semi-human being before you, what the state has turned me into,” – says Vladimir Vladykin in his shocking Youtube video. “I’ve had a 180 EUR disability pension since 2005, and in 2010 the ruling party cut it down to 64 EUR. They don’t need us alive – […]