conclusion of economy society
Answers
Answered by
27
✍️If it is true that economic growth by itself does not ensure development, hardly any development can be sustained without economic growth. Therefore, in order to catch up with developed nations, developing and emergent countries need to achieve and sustain higher than average economic growth rates
Answered by
20
Every era defines for itself its most pressing economic problems. They emerge from a complex public dialogue, involving ideas and experience, theories and political pressures. Economists influence and take part in that dialogue but they certainly do not control it. Are we living through a new industrial revolution powered by ICT? Should we be grateful to big companies such as Microsoft and Nike for their new products or try to curtail their power? Does more material well-being always make people happier? Do poor countries gain from international trade and globalisation? Is continued economic growth environmentally sustainable? Assumptions about what is economically possible and desirable influence the answers that politicians and commentators as well as academics give to these questions. John Maynard Keynes, perhaps the twentieth century's most famous economist, wrote at the end of his best known book:
Similar questions