Suspect growth

Written by Bill McKibben

The growth that has taken place in China and other developing countries is in many ways suspect.  Much of it comes from onetime mining of resources:  Indonesia saw a decade and a half of 7% annual growth in the latter part of the 20th century, but when the World Resources Institute recalculated the figures to subtract the value of the extracted oil and logged trees from the country's stack of assets, that growth rate was halved.  

Cobb and Cobb, Green National Product, p.3, cited in Deep Economy, p. 189-190.

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