01 Jun '12, 5pm

China's Economic Growth Has Not Increased Happiness

China's Economic Growth Has Not Increased Happiness

Another interesting piece of research to juxtapose, in admittedly very much tangentially, with the worse-than-expected May US jobs figures : New research looking at economic growth and happiness in China, published in Proceedings of the National Academy of Sciences , finds that despite 10% economic growth annually for the past 20 years, happiness in China hasn't changed very little. Lead author Richard Easterlin, quoted by Mongabay : There are many who believe that well-being is increased by economic growth, and the faster the growth, the happier the people are. There could hardly be a better country than China to test these expectations. But there is no evidence of a marked increase in life satisfaction in China of the magnitude that might have been expected due to the enormous multiplication in per capita consumption. Indeed people are slightly less happy overall, and Ch...

Full article: http://www.treehugger.com/economics/china-economic-growth...

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