When businessmen fear growth
Hugh Small's gas exploring the topic of economic growth
Gas by Hugh Small
The political focus on promoting GDP growth may be causing developed economies to incur significant opportunity costs as well as directly destroying wealth by risky investments. The industry life-cycle model, widely used by business strategists, shows how these negative effects of GDP growth (which are independent of its shortcomings in reflecting social and environmental costs) can damage economies in the same w ay that the inappropriate pursuit of top-line revenue growth damages unwary businesses.
