Jeffrey Sachs: China can escape climate constraint

Jeffrey Sachs and other economists debate whether China can enjoy US-style consumption without making drastic changes to its growth model.
Sachs speaking at Boao
Sachs speaking at Boao

The question of whether China can, or should, sustain an annual GDP growth rate of around 7% obscures a bigger question can China innovate sufficiently to continue growing despite mounting environmental constraints

Based on a discussion among economists at the Boao Forum for Asia last week, the answer is maybe.

Jeffrey Sachs, director of The Earth Institute at Columbia University, said 7-ish percent was probably right for a country whose per capita income is 25% that of the United States, based on purchasing power parity.

He said a rule of thumb of the past 30 years of development has been that countries playing economic...

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