The coronavirus pandemic is set to rob the global economy of more than $5 trillion of growth over the next two yearshttps://trib.al/65StRJW
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As for development I do understand the word and I also understand that growth is a necessary but not a sufficient condition for development. Try find a single development economists who doesn't believe in that statement and then tell me that growth is pointless.
I was pointing out that focusing on nothing but economic growth in a world with such incredible gaps in wealth health and happiness is clearly wrong. A world where people starve whilst others throw away food and millions are homeless whilst others have 6 homes is unjustifiable.
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I understand that. But through focusing on growth is the best way of solving absolute poverty, health problems and income disparities is through economic growth. Look up the Kuznets curve which won a Nobel Prize in economics.
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In a world where every boat rises equally with the economic sea that would be true. We clearly do not live in such a world. Many are drowning whilst a few look on from warm safe islands. The reality doesn't match the model.
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