ABSTRACT
The claim that economic growth is the surest way to combat poverty has fallen into disrepute. Some economies have grown very rapidly but have failed to
convert that wealth intowellbeing. Other economies have grown less rapidly but
provided more opportunity for people to escape poverty. How to achieve
growth has long overshadowed how to transform wealth into wellbeing.2 The
question of how economic growth is transformed into general wellbeing – into
health, and education and literacy, employment – needs greater attention.
