Transitioning to smart green growth: lessons from history

Carlota Perez

Handbook on Green Growth

Edited by Roger Fouquet

Economies around the world have arrived at a critical juncture: to continue to grow fuelled by fossil fuels and exacerbate climate change, or to move towards more sustainable, greener, growth. Choosing the latter is shown to help address climate change, as well as present new economic opportunities. This Handbook provides a deeper understanding of the concept of green growth, and highlights key lessons from the experience of green transformations across the world following a decade of ambitious stimulus packages and green reforms.

Handbook

Published in print:: 26 Jul 2019

ISBN:: 9781788110679

eISBN:: 9781788110686

DOI:: https://doi.org/10.4337/9781788110686

Pages:: c 528

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Chapter 19: Transitioning to smart green growth: lessons from history

Carlota Perez

Handbook Chapter

Published:: 26 July 2019

Category:: Handbook Chapter

DOI:: https://doi.org/10.4337/9781788110686.00029

Pages:: 447–463 (17 total)

Collection: Economics 2019

Abstract

This chapter identifies and brings together two major trends in economic growth: the knowledge economy and green growth. It uses lessons from periods of rapid economic growth to understand how financial markets may deliver a new golden age and suggests what policy makers can learn from these historical patterns. It asserts that the combination of ICT with a globalised context requiring sustainable growth looks towards a future in which ‘smart green growth’ is probably the only direction that can bring the next golden age.

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