|
|
|
|
|
by Machiq
3935 days ago
|
|
Very interesting article. In human history, we have always had periods where growth comes from expansion and then periods where growth comes from innovation. Globalization was an expansion-driven growth phase and we have reached the end of what it can do for global growth - yes there are regions that are still catching up with the rest of the wrold but barring Africa, their population is relatively small so their catch-up will not contribute to significant global growth. We have transitioned into an innovation driven growth-phase now. We'll have to wait for it to start to sputter before we know what kind of expansion-driven growth we will see next. I like the fact that the author thinks of "what comes after" because a lot of the green efforts that we are seeing are looking to prevent climate change/global warming and not enough of preparing for the eventuality that our preventive actions may fail and what would the world look like if we failed and how do we survive & benefit from that. |
|