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Definition of 'Uneconomic Growth'
When economic growth produces negative external consequences to the extent that the growth is unproductive with respect to the broader global systems in which it is viewed. Uneconomic growth occurs at a faster rate than what is considered sustainable. Uneconomic growth studies deal with the negative social and/or environmental impacts of too much growth in a broad economic sense (such as a nation's gross domestic product).
The term was popularized by former World Bank economist Herman Daly in the late 1990s, but the core ideas of unproductive growth have a long and varied history.
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Investopedia explains 'Uneconomic Growth'
Negative consequences include negative impacts to social welfare and environmental damage. These outweigh the short-term value of an extra unit of growth. Uneconomic growth is generally attributed to poor planning, not negative intentions. The term's proliferation has centered mostly on the environmental movement, as data suggests that certain areas of growth, such as an increased use of fossil fuel, has uneconomic consequences.
When a nation increases production at the expense of known damage to the environment, it creates a negative consequence that is felt by not only by that country, but by the entire planet. This same principle can be brought down to the level of a city, company, and even one's own home.
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Search results for 'Uneconomic Growth'
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http://stocks.investopedia.com/stock-analysis/2011/Onshore-Development-Not-A-Sure-Thing-QEP-EGN-ROSE0807.aspx
... and announced that two recent wells into this formation were uneconomic due to ... proactive
in securing midstream capacity to accommodate the growth in production ...
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http://stocks.investopedia.com/stock-analysis/2009/Top-5-Natural-Gas-Producers-XTO-BP-APC-CHK-DVN-XOM1016.aspx
... Basin in Canada, which when developed, might jumpstart its growth on the ... the US,
employing technology to unlock natural gas reserves once thought uneconomic. ...
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http://stocks.investopedia.com/stock-analysis/2010/The-Death-Of-Conventional-Resource-Plays-HK-GDP-SM0218.aspx
... basis is that many higher cost conventional plays may become uneconomic to develop ...
acquisition gave Exxon Mobil huge positions in many high-growth shale plays. ...
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