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Should we chase economic growth?

Donald Trump has said his proposed tax cuts will be 'rocket fuel' for the US economy. He is the latest in a long line of political leaders chasing economic growth as a key policy objective. We are told again and again that GDP - Gross Domestic Product - growth is good for the economy; it lifts people out of poverty, provides jobs and investment, and improves lives. But, while there is general agreement about the need for growth in the developing world, what about the costs of growth in the rich world? Annie Quick from the New Economics Foundation, says the political obsession with growth is deflecting attention away from rising inequality.

(Photo of the Wall Street bronze Bull by Stan Honda/AFP/Getty Images)

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2 minutes