In a recent opinion piece entitled ‘How to get back to strong, sustained growth’ Klaus Schwarb, the father of the World Economic Forum, concluded: Ultimately, however, the path to sustained growth requires not only new policies, but also a new mind-set. Our societies must become more entrepreneurial, more focused on establishing gender parity, and more rooted in social inclusion. There is simply no other way to return the global economy to a path of strong and sustained growth. Despite the reformist invective this futurist thinker seems unable to escape the mind-set which he targets for change. Growth is economic and sustainability is about economies and the wealth they produce. In the same article Schwarb concedes: The global growth slowdown is taking place against the backdrop of rising economic inequality, owing to labour’s declining share of national income – a worldwide phenomenon arising from globalisation and technological progress … Systems that propagate inequality or that seem unable to stem its rise contain the seeds of their own destruction. This destruction arising as it will within an interdependent world, can never be averted or even modified until regulatory frames work for social rather than economic sustainability. Such is our book’s sustainability message. As the tensions in many market economies currently demonstrate, these forms of economically driven sustainability are not productively interdependent from wider social sustainability.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.