The Desirability of Economic Growth

Desirability of economic growth Benefits of economic growth ========================================= ========================= Increasing Material Living Standard This means that individuals have higher levels of actual purchasing power and more products Or purchasing services and increasing economic interests (taking into account the unlimited demand of individuals). Taking into account changes in the "physical property rights" of products such as automobiles, dishwashers, home ownership rates, and the number of overseas holidays, the Western European economy has grown over the decades, but it has all increased It continues.

The United Nations Conference on Environment and Development (UNCED) aims to (a) presume the desirability of economic growth, that it is a respectable goal, (b) market economy and moral economy, (c) development process and economic growth and technology I failed because I do not want to have doubts. The desirability of progress has nothing to do with it. His criticism is at the heart of the premise of this article - it is an unsustainable way not to disdain capitalist sanctions leading to ruthless consumption. In preparation for the 2002 World Summit on Sustainable Development in Johannesburg, the United Nations said that despite the implementation gap, the principles of Agenda 21 and UNCED are as effective as 1992. But the situation has changed "(UNESCO, 2001, 5 pages)

Economic growth is a phenomenon most countries desire due to the many benefits associated with it, such as improving living standards and international balance of payments. Sustained economic growth is more enthusiastic as it leads to further development (Felipe, Kumar, Abdon, 2010) Sustained economic growth is seen as a necessary condition for development, but "In today's country, per capita income and There is a big difference in per capita output. " The richness is 30 times that of the underlying developing country (Acemoglu, 2007).

In economics, economic growth refers to the long-term expansion of economic productivity to meet individual needs in society. Sustained economic growth of a country has a positive influence on the people's income and employment level, which further raises the standard of living. In addition, it also stimulates government finances to play an important role by raising taxes. This will allow the government to gain additional income for further economic development. The economic growth rate of a country can be measured by comparing the gross national product (GNP) of that year with the gross national product of the previous year. If economic strengths and weaknesses are properly analyzed, economic growth of the country is possible.