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A Scan of Critical World Developments

The MacroScope

A Scan of Critical World Developments



"Money Can’t Buy Happiness" Redux


Does economic growth increase a nation’s well-being? Mainstream economists and politicians have long claimed “yes,” and have made growth the sine qua non of development policy. However, numerous empirical studies have challenged the equation of money and happiness in affluent countries, and now new studies show that the correlation is weak in developing countries as well. In China, for example, economic output per capita grew some 400% between 1990 and 2010, but the sense of well-being reported by the Chinese people declined on average. The reason is that the benefits derived from higher incomes have been more than offset by the adverse impacts of societal changes, particularly the diminution of the social safety net and increasing income inequality. These changes stemmed from China’s shift toward a “market-based economy,” which succeeded dramatically in its means—economic growth—but not in its ends: human well-being.




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Journey to Earthland

The Great Transition to Planetary Civilization

Cover Image of Paul Raskin's latest book titled Journey to Earthland

This new volume by GTI Director Paul Raskin elucidates our dire global moment and charts a path to a flourishing future.

Get your copy:
Buy a print copy of Journey to Earthland from Amazon.com
Cover Image of Paul Raskin's latest book titled Journey to Earthland




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