Abstract
Certain popularly believed factors such as geography and capital accumulation do not have much empirical support in regarding economic growth. Nor do other commonly held factors such as trade, plunder, and colonization. It is better understood today that productivity enhancing innovation, new venture and new market creation enabling consumption by a wider range of consumers yields company, and economic growth, as well as improved standards of living for the population.
Original language | English |
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Title of host publication | United Bulletin 2018-2019 |
Editors | United College Publishing Committee |
Place of Publication | Shatin, Hong Kong |
Pages | 152-153 |
Number of pages | 2 |
Volume | 75 |
Publication status | Published - 2020 |
Keywords
- Economic growth
- Economic history