Search results
Results from the WOW.Com Content Network
Growth imperative is a term in economic theory regarding a possible necessity of economic growth. On the micro level, it describes mechanisms that force firms or consumers (households) to increase revenues or consumption to not endanger their income.
According to the linear stages of growth model, a correctly designed massive injection of capital coupled with intervention by the public sector would ultimately lead to industrialization and economic development of a developing nation. [3] The Rostow's stages of growth model is the most well-known example of the linear stages of growth model. [3]
The 2019 World Scientists' Warning of a Climate Emergency and its 2021 update have asserted that economic growth is a primary driver of the overexploitation of ecosystems, and to preserve the biosphere and mitigate climate change civilization must, in addition to other fundamental changes including stabilizing population growth and adopting ...
Economic development has traditionally required a growth in the gross domestic product. This model of unlimited personal and GDP growth may be over. Sustainable development may involve improvements in the quality of life for many but may necessitate a decrease in resource consumption. [52] "Growth" generally ignores the direct effect that the ...
For example, there will always be tension between the ideas of "welfare and prosperity for all" and environmental conservation, [8] [1] so trade-offs are necessary. It would be desirable to find ways that separate economic growth from harming the environment. [9] This means using fewer resources per unit of output even while growing the economy ...
GDP growth has become a key orientation for politics and is often taken as a key figure to evaluate a politician's performance. However, GDP has a number of flaws that make it a bad measure of progress, especially for developed countries. For example, environmental damage is not taken into account nor is the sustainability of economic activity.
Changes are calculated for each industry in the analysis, both regionally and nationally. Each regional change is decomposed into three components. [3] National growth effect is the portion of the change attributed to the total growth of the national economy. It equals the theoretical change in the regional variable had it increased by the same ...
The Middle Income Trap theory explains the tendencies of export-oriented or profit-led economies. It suggests that an economy that focuses on the exportation of goods as a source of growth or has a comparative advantage in the manufacture of a good will ultimately lose its competitive edge in the manufacturing of that good because wages will be on an upward trend.