IB Economics: Economic Growth Matters

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Despite our growing dependency and desire for material wealth, Capitalism is failing to achieve the economic growth needed for  social stability and human progress.

Neither  state nor market driven economies  are being able to reach and sustain desired levels of growth, which for developed economies is targeted between 2-3% of GDP, compared to the lofty 7% needed for developing economies to make a dent in poverty and to double per capita incomes in one generation.

Listen to this TED talk by Dambisa Moyo, is a Zambian-born international economist and author who analyses the macroeconomy and global affairs as she explores how ‘Economic Growth has Stalled’.

Link to TEDTalks Business: Dambisa Moyo on WHY WE NEED ECONOMIC GROWTH