Some Civil Society Groups and Activists Propose a Zero-Economic-Growth Policy

question 3

Essay

Some civil society groups and activists propose a zero-economic-growth policy in order to preserve the environment. Write an essay to discuss the pros and cons of this proposal. You may wish to refer, among other ideas, to the following:
- Economic growth needs to compensate for the increase in population.
- If population becomes older, the number of active persons decreases; therefore, productivity must increase to sustain a high standard of living.
- An increase in standard of living is only possible if an economy becomes more productive (income per person is closely related to labour productivity).
- It is hoped that economic growth will eventually eradicate poverty.
- Economic measures of well-being, such as GDP per capita, are imperfect mainly because they disregard external costs of economic activity, as well as other aspects of life that people value, such as leisure, fairness, and income equality.

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Definitions:

Strategic Business Unit

A division or unit within a larger company that focuses on a specific market segment or product line, operating with its own strategy and objectives.

Merit Pay

A salary increase awarded to employees based on their job performance, acting as a motivational tool by rewarding high performers.

Unit Performance

The measurement of the efficiency, effectiveness, and productivity of a specific department or operational unit within an organization.

Ownership Mentality

A mindset where employees view themselves as co-owners of the business, taking responsibility for its success and acting in its best interest.