Showing posts from May 10, 2015


The Economic Model is Defunct: We Need to Ditch It
by Andrew Simms in The Guardian

What is development? To many conventional economists it has been China, though not without irony. Its export-led development model and advantage in all economic sectors created its superpower status, and left it accounting for the vast majority of those lifted out of poverty globally. But there’s a problem with the model. “Beijing is not a liveable city,” said the city’s mayor, Wang Anshun, recently. The price of rapid industrialisation and urbanisation has been pollution: air not fit to breathe, and visitor numbers declining – a sort of anti-development. It’s a crisis echoed in India where recent research estimated pollution caused the collective loss of 2.1bn life years. Knowing it has a problem, India announced a plan to double coal taxes to pay for clean, renewable energy alternatives. In China premier Li Keqiang announced a lower economic growth target, a much harder line on environmental s…