The hypothesis that the global economy has entered, or is nearing, the "end of growth" has been proposed in the literature. Overall, we find no significant evidence to support this hypothesis, or that such economic limits are about to be reached in the near-term. Our conclusions in no way diminish concerns over current and proposed rates of non-renewable resource extraction and the negative impacts of continuing human population growth and industrial expansion on the biosphere. However, any natural system limits that have been reached or exceeded (or are about to be) do not appear to be causing sufficiently large negative feedbacks on global economic growth within the scope of the most commonly employed socio-economic indicators in order to warrant claims that future economic growth will halt or regress.
Category: Economics and Finance