Abstract
Long-term economic growth is intrinsically a process of change. Associated with the rise in income are changes in composition of demand, international trade and factor use, all of which interact with the pattern of productivity growth, availability of natural resources and government policies in determining the pace and nature of industrial growth. This process of industrialisation is only one aspect of the general transformation which Kuznets (1966) identified as ‘modern economic growth’.
| Original language | English |
|---|---|
| Title of host publication | The Flexible Economy |
| Subtitle of host publication | Causes and Consequences of the Adaptability of National Economies |
| Publisher | Taylor and Francis |
| Pages | 35-64 |
| Number of pages | 30 |
| ISBN (Electronic) | 9781134816453 |
| DOIs | |
| State | Published - 1 Jan 2005 |
Bibliographical note
Publisher Copyright:© 1995 Overseas Development Institute.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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SDG 9 Industry, Innovation, and Infrastructure
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