Excerpted from Reuters:
"Gross Domestic Problem: The Politics Behind the World's Most Powerful Number" by Lorenzo Fioramonti argues that far from being a sign of economic progress, the growth measured by gross domestic product (GDP) comes at a cost because it is often accompanied by natural resource depletion and high income inequality.Continuing...
...The fixation with GDP growth compels policymakers to design policies that promote consumerism and attract short-term investment, he argues, but, as the West's economic downturn has shown, the gains are unlikely to last long.
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