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39. Module Growth Policy: Why Economic Growth Rates Differ. KRUGMAN'S MACROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. The factors that explain why long-run growth rates differ so much among countries
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39 ModuleGrowth Policy:Why EconomicGrowth Rates Differ • KRUGMAN'S • MACROECONOMICS for AP* Margaret Ray and David Anderson
What you will learnin thisModule: • The factors that explain why long-run growth rates differ so much among countries • The challenges of growth posed by scarcity of natural resources, environmental degradation, and efforts to make growth sustainable
Why Growth Rates Differ • Capital, Technology, and Growth Differences • Adding to Physical Capital • Adding to Human Capital • Technological Progress
Why Growth Rates Differ • The Role of Government in Promoting Economic Growth • Governments and Physical Capital • infrastructure • Governments and Human Capital • Governments and Technology • Political Stability, Property Rights and Excessive Intervention
Is World Growth Sustainable? • Sustainable Growth? • Natural Resources and Growth, Revisited • 3 Questions • Economic Growth and the Environment