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Human Flourishing as Reflected in Theory of development Economist

Progress and Development Peter Edward argues that instead of


How do we know we are progressing? pushing poorer countries to "catch up" with
rich ones, we should be thinking of ways to
What are the indicators of development? get rich countries to "catch down" to more
The more that a population is able appropriate levels of development.
to consume, a wealthier it is. However, the
planet is already overburdened of human  Some of the excess income and
activities. consumption we see in the rich
world yields improvements in
Jason Hickel, an anthropologist at the quality of life that are not captured
London School of Economics, challenges us by life expectancy or even literacy
to rethink and reflect on a different rates. But even if we look at
paradigm of "de-development". measures of over all happiness and
“Forget 'developing' poor countries, it's well being in addition to life
time to 'de-develop' rich countries” - Jason expectancy, a number of low- and
Hickel middle-income countries rank
highly.
Sustainable development goals (SDGs)  We should regard such countries not
Main objective: eradicate poverty by as underdeveloped, but rather as
2030. The main strategy for eradicating appropriately developed. And
poverty is the same: growth. maybe we need to start calling on
Growth has been the main object of rich countries to justify their
development for the past 70 years, despite excesses.
the fact that it is not working. Since 1980,  The idea of "de-developing" rich
the global economy has grown by 380%, but countries might prove to be a strong
the number of people living in poverty on rallying cry in the global south, but it
less than $5 (£3.20) a day has increased by will be tricky to sell to westerners.
more than 1.1 billion. Tricky but not impossible.
 The idea of "steady-state"
Orthodox economists insist that all we need economics is a step in the right
is yet more growth. At current levels of direction and is growing in
average global consumption, we’re popularity, but it still doesn't get the
overshooting our planet's bio-capacity by framing right.
more than 50% each year
”Rethinking our theory of progress is not
”Growth isn't an option any more” - we've only an ecological imperative, it is also a
already grown too much. Global crisis is due development one.”
almost entirely overconsumption in rich
countries.

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