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  • Does the “Zurich consensus” provide grounds for cautious optimism?

    Author(s)
    Lowe, Ian
    Griffith University Author(s)
    Lowe, Ian
    Year published
    2010
    Metadata
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    Abstract
    It is now clear that the so-called "Washington consensus", the obsession with markets and the studied refusal to engage with global problems, is dead. The month of November 2008 may be seen by future generations as a turning point in human civilisation. While the Club of Rome has been warning for decades of the consequences of unsustainable growth, organisations like the World Economic Forum and the International Energy Agency have until recently supported the old market-oriented approach that assumed economic growth would solve all our problems. Now the financial crisis has exploded that myth and triggered rethinking of ...
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    It is now clear that the so-called "Washington consensus", the obsession with markets and the studied refusal to engage with global problems, is dead. The month of November 2008 may be seen by future generations as a turning point in human civilisation. While the Club of Rome has been warning for decades of the consequences of unsustainable growth, organisations like the World Economic Forum and the International Energy Agency have until recently supported the old market-oriented approach that assumed economic growth would solve all our problems. Now the financial crisis has exploded that myth and triggered rethinking of basic assumptions. A new consensus is emerging that recognises biophysical limits and the interlocking social, economic and environmental challenges we face. This provides grounds for cautious optimism that we may be entering a period of social learning which will allow human civilisation to survive.
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    Journal Title
    Futures
    Volume
    42
    Issue
    10
    DOI
    https://doi.org/10.1016/j.futures.2010.08.006
    Subject
    Political science not elsewhere classified
    Publication URI
    http://hdl.handle.net/10072/37650
    Collection
    • Journal articles

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