Tagged: Economic Growth

Opinion

Going beyond growth: Why do economists have all the fun?

What’s in a job title? If an academic came on the radio, TV or wrote a piece in a newspaper, would their title as a ‘sociologist’, ‘political scientist’, or ‘economist’ make a difference to the credence afforded to them? Of course it would. Economists trump the lot. Before he or she (it’s usually ‘he’) has uttered a word, an Economist appears more professional, more impressive, schooled in the hard science of trade and finance, rather than the wishy-washy relativists of the...

Class & Stratification / Political & Economic Sociology / Science & Technology / Social Movements / Social Change

Sustainability, social progress, environmental protection, economic growth and energy

Sustainability, social progress, environmental protection, economic growth and energy are discussed using the sustainability framework in Figure 1, where sustainability is at the confluence of social progress, environmental protection and economic growth. Figure 1 Sustainability framework (Source: IUCN 2006) There are designs being made toward Ecological Civilization and welcome moves to address the shortcomings of GDP in Completing the picture – environmental accounting in practice by the Australian Bureau of Statistics .  Extending the national accounts to include degradation of natural resources makes a measurable target...

Political & Economic Sociology / Sociology of Organizations & Work

Economic Growth Despite Global Downturn

China aims to experience 8% economic growth in 2010, even after accounting for the global downturn. Since Beijing has targeted 8% economic growth in the past several years and has reached its goal each year, analysts consider China’s target as reasonable. The International Monetary Fund (IMF) projects China to exceed its goal, experiencing at least 9% economic growth in 2010. Meanwhile, the IMF only expects India to grow by 6.4%, Canada by 2.1%, Japan by 1.7%, the United States by...