Handbook on Green Growth
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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.
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Chapter 20: The invisible hand and the weightless economy

Danny Quah

Abstract

As modern economies grow, production and consumption shift towards economic value that resides in bits and bytes, and away from that embedded in atoms and molecules. This chapter discusses the implications of such changes for the nature of ongoing growth in advanced economies and for the dynamics of earnings and income distributions – polarization, inequality – across people within societies.

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