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mercredi 20 novembre 2019
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No alternative to growth
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By Carlo THELEN, Director General, Luxembourg Chamber of Commerce *
Luxembourg has enjoyed higher-than-average growth for some time now – attributable to a fast-growing population driven by our attractive economy. Lately, however, the word ‘growth’ seems to be acquiring increasingly negative connotations. Critics of growth point to undesirable consequences like the high cost of housing, daily traffic jams, the impact on our environment, and the associated pressure on living conditions.
They demand a societal model founded on reduced growth, in spite of which (or thanks to which) people ought to be able to lead happier lives. And it is true that growth is not synonymous with a society’s well-being. However, it is an important prerequisite for...
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