`GDP-driven growth is not sus­tain­able'

Down to Earth - - THE FORTNIGHT - IN THE

last two decades, the world's gross do­mes­tic prod­uct (GDP) has in­creased by 50 per cent, whereas in­clu­sive wealth has in­creased by a mere 6 per cent. This is the con­clu­sion of the sec­ond bi­en­nial In­clu­sive Wealth Re­port. Ac­cord­ing to the re­port, in re­cent decades GDP-driven eco­nomic per­for­mance has only harmed in­clu­sive wealth like hu­man cap­i­tal and nat­u­ral cap­i­tal like forests, land and wa­ter. While the world's hu­man cap­i­tal, which stands at 57 per cent of to­tal in­clu­sive wealth, grew by only 8 per cent, the nat­u­ral cap­i­tal, which is 23 per cent of to­tal in­clu­sive wealth, de­clined by 30 per cent world­wide in the last two decades. The data was col­lected from 140 coun­tries for the pe­riod from 1992 to 2010.

POINT

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.