The challenge facing most developing countries today is whether it is possible to pursue the same model of growth as the developed nations did. However there are fundamental flaws with this economic growth model. For instance is the same level of resource extraction is not feasible in the current global environment. Consumerist ideals, which most of us are familiar with in this country, “can allow us neatly ignore the fact that we are using exponentially more material than our predecessors could have imagined.” According to current predictions the US itself is expected to create teratons of waste in 20 years. But imagine if developing countries attain the same standard of living as Americans and create the same amount of household waste. With countries like India and China’s populations, we could be looking at entire country-sized landfills.
The real question is how can we advance beyond the constraints of our current economic models, and challenge this status quo? This is where Professor Ghosh’s research is relevant. Having compiled data on economic growth and development from several countries Professor Ghosh has studied the viability of different growth models in order to identify how we can rectify mistakes of the past, but also embrace some of the philosophies from the world’s ancient civilizations in order to conceive of a holistic and new solution to the complex puzzle of growth.
We tend to categorise world history into different “isms.” Professor Ghosh suggests that maybe it is time to embrace the next “ism.” Join us for an intriguing discussion with Professor Ghosh tomorrow in the ASEAN Auditorium in Cabot. The Tufts Economics Society is co-sponsoring a lecture with the South Asian Political Action Committee (SAPAC) by Professor Ghosh on these issues. The event,“Embracing the next ism: Exploring New Possibilities of Human Advancement,” will he held on Tuesday 24th April –at 8PM in the ASEAN Auditorium–it’s open to all Tufts students. Come check it out!