The exponential growth of the economy in the Western world since the late 18th century and continues, more or less freely, to the present. However, the author warns that anyone who believes that the future will be just a continuation of the past should consider the fact that the seven key factors of past growth in the industrialized countries, there are signs of saturation or exhaustion. Only one of the seven is a viable driver of future economic growth: increase technological efficiency of conversion of inputs into useful work and power. In addition, the author looks forward to the next century, and are the main obstacles to sustainable by 2100, outlining some of the harsh realities that our abuse of the environment and reap.
This article Rotman Magazine. "Hide
by Robert Ayres Source: Rotman School of Management, 4 pages. Publication Date: January 1, 2007. Prod. #: ROT036-PDF-ENG
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