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<p>Radically changed global conditions are forcing a “Great Transformation” of the economy and society. Predominantly, this is understood as a modernisation process associated with massive investments and a surge in (green) growth. However, the likelihood of such a scenario is fading and it seems necessary to invest more research activity and more political attention in alternative scenarios. The resilience of the economic and social order will depend on whether it is possible to establish a prosperity perspective that is independent of growth. With “Renewing Prosperity,” the German Federal Ministry of Economic Affairs and Climate Action has presented some building blocks that can be part of a strategic reorientation.</p>
</abstract>

Radically changed global conditions are forcing a “Great Transformation” of the economy and society. Predominantly, this is understood as a modernisation process associated with massive investments and a surge in (green) growth. However, the likelihood of such a scenario is fading and it seems necessary to invest more research activity and more political attention in alternative scenarios. The resilience of the economic and social order will depend on whether it is possible to establish a prosperity perspective that is independent of growth. With “Renewing Prosperity,” the German Federal Ministry of Economic Affairs and Climate Action has presented some building blocks that can be part of a strategic reorientation.

Growth Independence: Transformation and Prosperity – Without Growth

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Wachstumsunabhängigkeit: Transformation und Wohlstand erneuern – ohne Wachstum

Radically changed global conditions are forcing a “Great Transformation” of the economy and society. Predominantly, this is understood as a modernisation...

Growth Independence: Transformation and Prosperity – Without Growth

Published Online: Jul 28, 2023

Page range: 445 - 449

DOI: https://doi.org/10.2478/wd-2023-0131

© 2023 Rudi Kurz, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.