With economic and financial globalization, the integration of the world markets is said to be what will achieve development, which often involves countries assuming massive debts and making huge payments to service them. These, in turn, drive forced growth to guarantee repayment. It is thus no longer about balancing the three pillars of sustainable development – growth, social justice and the sustainability of the planet – but rather entrusting the task of caring for society and the Earth to the economy and the market.
From Growth to Degrowth: A Brief History
With economic and financial globalization, the integration of the world markets is said to be what will achieve development, which often involves countries assuming massive debts and making huge payments to service them. These, in turn, drive forced growth to guarantee repayment. It is thus no longer about balancing the three pillars of sustainable development…
Written by
Genevieve Azam
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Originally Published in