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Both should work hand in hand to ensure the best outcomes for the economy as a whole. But they operate quite differently.
The UN’s Sustainable Development Goals were designed to address extreme poverty, social inequality, the climate crisis and the loss of biodiversity.
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Can the Sustainable Development Goals (SDGs) help replace traditional growth measures like GDP?
Canada should be making room for measures of personal and collective well-being other than GDP, including price stability, lower levels of inequality and happiness.
THE CANADIAN PRESS/Adrian Wyld
Drawing on insights from their recent book, two academics shed light on why Canada’s anemic growth should be a cause for concern.
Indian prime minister, Narendra Modi, during the presentation of the party manifesto in New Delhi, India, on April 14 2024.
Harish Tyagi / EPA
Modi has aimed to improve the lives of ordinary Indians, but some are still finding jobs hard to come by.
A customer uses an online service with a chatbot to get support.
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From an economic development perspective, the highly skewed nature of AI activity in the US is likely to create large pools of high-skilled workers in some regions while leaving other regions behind.
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Different taxes affect investment in different ways.
Nashville is one of the fastest-growing U.S. cities and increasingly a destination for immigrants.
Joe Sohm/Visions of America/Universal Images Group via Getty Images
The US economy relies on immigrants to fill jobs, but many of them are struggling with high rent burdens that make it harder to build productive lives and integrate into their communities.
Chinese president, Xi Jinping, claps during the closing meeting of the Two Sessions annual parliamentary meetings.
Wu Hao / EPA
China is facing many economic obstacles, but Beijing remains optimistic about growth.
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More than 6 million people have fled Venezuela seeking better living conditions – now they are boosting economic growth in their host countries.
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War is taking a toll on Israel’s economy.
Mick Tsikas
This obsession with economic growth is destroying our planet. We must rethink private ownership of land – that’s where it all went wrong.
The US largely dominates the technology landscape.
Sergei Elagin/Shutterstock
The lack of large, global European tech leaders might actually be a blessing.
Rahul Ramachandram/Shutterstock
India needs to follow a path akin to China’s to find answers to its job woes.
An increasing focus on training undergraduates for the labour market shortchanges students. Students and attendees seen at a job fair in Atlanta, March 29, 2023.
(AP Photo/Alex Sliz)
Students should know that a key part of the value of their undergraduate degree lies in taking advantage of all the opportunities for learning that universities offer.
Shutterstock/pexels/NastyaSensei
Some of the scenarios are optimistic. but the one I think is most likely isn’t. It’s a return to the stagnant world we had before COVID.
Given how wealth contributes to health on the personal, individual level, the case for economic growth being good for us might seem intuitive.
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The historical correlation between economic prosperity and increased life expectancy might suggest that growth is generally a good thing. However, other evidence points to the downside of growth.
Central banks in the US, UK and Europe have been trying to slow inflation without creating a recession.
eamesBot/Shutterstock
Market expectations for rate cuts sooner rather than later have been dashed but some economies remain in danger of recession.
Many governments gave out payments during COVID to support citizens.
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Cash transfers have emerged as an essential part of social protection systems globally, most recently during COVID lockdowns.
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Society’s wealthiest are responsible for generating climate change – but who are these people, and why are their emissions so high?
A boat in Kinnego marina surrounded by toxic blue-green algae.
David Hunter / Alamy Stock Photo
The largest lake in the UK and Ireland has been blighted by toxic blue-green algae.