Articles on Economic growth

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United on the need for stronger economic growth. Lukas Coch/AAP

G20 leaders agree US$2 trillion growth goal: experts react

The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
Economic growth is a significant contributor to the climate change crisis. www.shutterstock.com

To get climate change under control, our growth fetish must go

The recent US-China climate announcement is a significant development in humanity’s equivocal response to the climate crisis. Despite over four decades of political engagement with climate change, tangible…
OECD Secretary-General Angel Gurria, right, is welcomed by Queensland’s Governor Paul de Jersey at Brisbane International Airport. Patrick Hamilton/AAP

Narrow G20 agenda must go ‘structural, social and green’

The G20 summit must “go structural, go social and go green”, says OECD secretary-general Angel Gurria. Speaking at Griffith University’s pre-summit conference in Brisbane, Mr Gurria said trade, investment…
The G20 represents 84% of the world economy. Jason Reed/AAP

The G20 economies explained in 12 charts

At the G20 meeting in Brisbane on the weekend we are going to hear a lot of talk about current accounts, GDP, CPI as well as a whole blizzard of more obscure acronyms and economic measures. To help you…
From St Petersburg to Brisbane. The G20 leaders are expected to cover a lot of territory. Sergei Karpukhin/EPA/AAP

Success for the G20 Leaders’ Summit is …

Suppose that on the evening of November 16, the G20 leaders release a 25-page communique with hundreds of recommendations on global health, security, climate change, human rights etc. Would this be regarded…
Where are the women? Though light on female representation, the G20 finance ministers and central bank governors can’t ignore the role women could play towards boosting economic growth. Drew Angerer/EPA/AAP

Why Joe Hockey and the G20 need women onside

Many Australian women will know the G20 summit is coming up in Brisbane, but they may not think it has much relevance to their daily lives. But that is not the case. Joe Hockey needs us, and he may not…
The Earth is finite - so are there limits to growth? NASA's Marshall Space Flight Center/Flickr

Why uncontrolled climate change may be an ultimate limit to growth

“But who do you think’s right, Prof? The optimists or the pessimists?” At the end of my sustainability economics course in 2007, students were challenging me to end 20 years of professional fence-sitting…
Having a ball: How politicians can make smiley happy people. seanbjack

How to shape economic policy when we move beyond GDP

The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of…
IMF managing director Christine Lagarde says the economic recovery underway in many markets is “brittle, uneven and beset by risks”. Dave Hunt/AAP

The world has an economic growth problem, and more G20 spending won’t fix it

Last week the IMF revised its 2014 global economic growth forecast down to 3.3% from the 3.7% expected six months ago, confirming that most economies around the world, Australia included, continue to underperform…
Economic growth is incompatible with the rapid emissions reductions that are now necessary. AAP Image/David Crosling

We need economic ‘degrowth’ to stop a carbon budget blowout

A newly released report called Better Growth, Better Climate draws the seductive conclusion that “we can create lasting economic growth while also tackling the immense risks of climate change”. But while…
Australia is a long way from consensus on G20 economic growth. Jason Reed/AAP

Australia may be hosting the G20, but it’s no G20 leader

When the central bank governors and finance ministers from the G20 agreed in February to increase growth by at least two percentage points over the next five years, they fell short of delivering a common…
Not the sort of coastal effects you can sweep under the rug. Jian Feng

China’s economic explosion is ravaging its coastal ecosystems

The speed and scale of China’s rapid economic growth has led to widespread degradation of its densely inhabited coastlines, according to an analysis of 60 years of social, economic and environmental data…
Manchester, could be part of a new megacity in the north. Daniel Nisbet

Building a second supercity starts with better transport

The UK’s economy is highly unbalanced; we have the worst regional disparities in the developed world and London’s property prices are also the world’s most expensive – second only to Monaco. Rebalancing…
Australians should step away from a “story-telling approach” when it comes the economy. AAP/Garry Schafer

Look at the data to understand the risks for the Australian economy

What are the risks in the economic outlook for Australia? Typically, prognosticators take a scenario-based (aka “story-telling”) approach to answering this sort of question. And usually these scenarios…

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