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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 some scholars in Sociology, the growth imperative is deeply entrenched in market capitalist societies such that it is necessary for their stability. [116] Moreover, the institutions of modern societies, such as the nation state, welfare, labor market, education, academia, law and finance, have co-evolved with growth to sustain them ...
An endogenous growth theory implication is that policies that embrace openness, competition, change and innovation will promote growth. [ citation needed ] Conversely, policies that have the effect of restricting or slowing change by protecting or favouring particular existing industries or firms are likely, over time, to slow growth to the ...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
Fei–Ranis model of economic growth has been criticized on multiple grounds, although if the model is accepted, then it will have a significant theoretical and policy implications on the underdeveloped countries' efforts towards development and on the persisting controversial statements regarding the balanced vs. unbalanced growth debate.
The factors range from 0 for no growth to 1 for maximum growth. Actual growth is calculated by the total multiplication of each growth factor. For example, if three factors had a value of 0.5, the actual growth would be: 0.5 × 0.5 × 0.5 = 0.125, which is 12.5% of optimum. If each of the three factors had a value of 0.9 the actual growth would be:
Former Google CEO Eric Schmidt says human-directed AI-controlled drones are the future of war. Schmidt's startup, White Stork, is developing drones for Ukraine to use in its war with Russia.
Self-determination theory (SDT) is a macro theory of human motivation and personality that concerns people's innate growth tendencies and innate psychological needs. It pertains to the motivation behind people's choices in the absence of external influences and distractions.