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Global growth is the leitmotif of our era. The great economic expansion, now in its fifth decade, has raised living standards worldwide and lifted billions out of poverty.

Yet today, many wonder how long it can last. The reason: Plenty comes at an increasingly high price. We see it daily in the rising cost of fuel, food and commodities. Consumers in developed countries fear the return of "stagflation" -- inflation coupled with slowing growth or outright recession -- while the world's poorest no longer can afford to eat.

Meanwhile, climate change and environmental degradation threaten the future of our planet. Population growth and rising wealth place unprecedented stress on the Earth's resources.…  Seguir leyendo »