Wednesday, 22 April 2015

Assess view that economic development is dependant on economic growth. Give example. PLAN

Define eco development + growth
  • increased economic growth should = increased wages = increased standard of living
  • increased eco growth = greater investment on infrastructure = increased FDI
  • increased GDP = job creation = multiplier effect
  • Eval - if develop too much jobs can be replaced by machines
  • Eval - distribution of income
  • Eval - depends where the money is invested

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