2min chapter

Analysis cover image

Economic Growth - can we ever have enough?

Analysis

CHAPTER

The Importance of GDP Growth in Low Income Countries

For meeting the basic, sustainable development goals, you would need something like per capita, $15,000 as part of your national income. Low-income countries often have negative effects on the environment because they are so poor. Economic growth in itself can help reduce those kinds of impacts on the environment. While GDP growth is necessary, it doesn't tell the full story. The way growth is shared matters too. Professor Gosh: It's unethical to say that developing countries can't grow. We're here, so are we really going to pull a ladder away for countries trying to climb up it behind us?

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