10 books
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4 voters
Economic Development
Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.
Whereas economic development is a policy intervention endeavor with ai ...more
Whereas economic development is a policy intervention endeavor with ai ...more
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If geographically uneven economic development is a deep feature of economies on all scales, as economic geographers tell us, then the existence of leading and lagging economies will be a long-term feature of the landscape. And competition will merely exacerbate the shift of productive enterprise to leading places, generate unproductive races to the bottom, or induce lagging cities to give up altogether.
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The so-called socialist societies rediscover, under modified forms, the necessities inherent in any modern economic system. There, just as under capitalism, the ‘boss class’ lays down the law. (...) Up to now the planners, by reason of penury and of the decision to develop economic power as rapidly as possible, have not concerned themselves either with the productivity of the various investments or with the consumers’ preferences. It will not be long before they experience the perils of slump an
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― The Opium of the Intellectuals
― The Opium of the Intellectuals
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