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. “In other words, all this productive capacity could be used to meet local humanneeds, but instead it goes to serve capital accumulation in the North,” the authors explain.
The link appears to be far stronger in terms of economic growth, with the research finding that 90% of the growth in GDP could be attributed to higher energy usage. That’s in terms of GDP at least, as when economic prosperity was measured using purchasing power parity, this appeared to provide a much closer link.
Human suffering is certainly our main concern in the immediate aftermath of Japan's 3/11 tragedy. But even as we focus on immediate humanneeds, we cannot avoid recognizing — and coping with — the long economic shadow cast by this disaster. Analysts have already reduced forecasted GDP growth rates for Japan by 0.5%
But as good managers have discovered in so many realms of humanneed, pure philanthropy is not the only means for addressing social challenges. We need to remind ourselves that educating skilled workforces is an investment opportunity. higher GDP per capita than countries with average literacy scores.
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