The hidden costs of rapid economic growth

It is a well-known fact that a free and open global order in the post-war era has led to sustained economic growth for many countries. Several countries, in particular, has managed to accumulate wealth more rapidly than all others. Developments in recent years has nonetheless suggest that the implications of such rapid economic growth are gradually beginning to surface. This paper examines several of these successful economics to look for clues of these hidden costs through their experiences. We find that these challenges can be mainly classified into three types -- demographics, environmental and social. The paper also presents several possible responses to mitigate these challenges.

Name thesis:degree_name

Master

Department dc:contributor.department

Sloan School of Management

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2020

Author dc:creator

• Kek, Chee Swee.

Advisor dc:contributor.advisor

• Roberto Rigobon.

• Sloan School of Management.

Statement dc:rights

• MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/127087

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/127087