Economic Growth and Social Needs

In the 20th century, economics focused on GDP growth, leading to inequality and ecological issues. The 21st century demands a new goal: meeting human needs within planetary limits, known as the Doughnut model. Despite challenges like unmet basic needs and environmental overshoot, a shift to sustainable balance is crucial. The next 50 years will determine the planet's future, requiring a new economic mindset.

What was the primary focus of economics in the 20th century?

• Technological advancement

• Reducing inequality

• GDP growth

• Environmental sustainability

What has the pursuit of GDP growth led to in recent decades?

• Increased equality

• Technological stagnation

• Deepening inequality

• Improved healthcare

What is the new goal for the 21st century according to the Doughnut model?

• Expanding global trade

• Achieving technological dominance

• Meeting everyone's needs within the planet's limits

• Maximizing GDP

What are some of the daily needs that billions of people still fall short of?

• Entertainment

• Food, housing, and energy

• Luxury goods

• Space travel

What should replace the goal of endless growth?

• Globalization

• Political stability

• Thriving in balance

• Technological advancement