The Business Times
business-time-50
SUBSCRIBERS

Can degrowth save us from destruction?

google-preferred-sourceAdd BT as a preferred source
Sharon See

Sharon See

Published Fri, Oct 28, 2022 · 02:00 PM
    • Degrowth pushes for the downscaling of harmful industries and the flourishing of helpful ones that address social needs, justice, care and sustainability, its proponents say.
    • Degrowth pushes for the downscaling of harmful industries and the flourishing of helpful ones that address social needs, justice, care and sustainability, its proponents say. ART: SIMON ANG, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE way we lead our lives is unsustainable – and the pursuit of growth is driving our destruction.

    That, at least, is the view of a small but growing group of economists. Facing a planet-wide climate and ecological crisis, they now question the logic behind economic growth.

    If growth aids development, why are the richest countries not necessarily scoring the best on indicators such as life expectancy and education? More importantly, if growth powered by fossil fuels is the main source of carbon emissions, how can economies transform for sustainability?

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    SingaporeBrunchEconomic growthsustainabilityClimate changeGreen economy

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More