How nationalism promote economic development
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Explanation:
To increase economic growth
Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.
Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.
Higher global growth – leading to increased export spending.
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✌ Policies for Economic Development : ✌
✏Macroeconomic Stability. Macroeconomic stability would involve a commitment to low inflation. ...
✏Less Restrictive Regulation and Tackle Corruption. ...
✏Privatisation and De-regulation. ...
✏Effective Tax Structure and Tax Collection. ...
✏Investment in Public Services. ...
✏Diversification away from agriculture. ...
Diversification away from agriculture. ... Related.
Hope it helps you dear.....
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