The Paradox of Economic Development

This presentation by Andre Roux deals with the global macro-economic development goal of lifting the global poor into the global middle class. However, by doing so, the carbon dioxide footprint of those who join the global middle class are substantially increased. This adversely affects global climate change objectives. In short, this is the paradox of economic development.

Much of forecasted global GDP growth and therefore forecasted global corporate growth relies heavily on increasing the number of the global middle class. As a result of the paradox, it is to be expected that regulators globally will seek to impose measures such that the carbon dioxide footprint of the global middle class is proportionately reduced. If so, regulators are likely to impose very stringent manufacturing constraints on manufacturers and by implication retailers.

What does this mean for corporate earnings growth in the next 10 - 15 years?

Webber Wentzel, together with the University of Stellenbosch Business School, invite you to join us for a Dinner where we will discuss sustainability.

Date: Tuesday, 17 July 2012
Venue: Webber Wentzel, 15th Floor, Convention Tower, Heerengracht, Foreshore, Cape Town
Time: 17h30 for 18h00
RSVP: eventsct@webberwentzel.com before Friday, 29 June 2012.