Question

How nationalism promote economic development​

Answer 1

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.

Answer 2

✌ 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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