Amid reports of sex scandals, lone-wolf terrorists and Middle East beheadings, it’s easy to miss small events. But they sometimes carry messages far larger than those in the headlines.
Having to search farther and longer for our resources isn’t the only new hurdle we face. Climate change could also constrain growth. A steady stream of evidence now indicates that the planet is warming quickly and that the economic impact on agriculture, our built environment, ecosystems and human health could, in time, be very large.
In the last century, our population on this planet has quadrupled, and most of us now live in cities. At the same time, new technologies – from antibiotics to jet planes to the internet – have vastly extended our power as individuals, groups, and societies.
Edward Barbier and Thomas Homer-Dixon | Endogenous growth models have revived the debate over the role of technological innovation in economic growth and development. The consensus view is that institutional and policy failures prevent poor countries from generating or using new technological ideas to reap greater economic opportunities. However, this view omits the important contribution of natural-resource degradation and depletion to institutional instability
As human population and material consumption increase in coming decades, scarcities of natural resources will increase in some regions. Will societies be able to adapt?