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I. Immiserizing growth. The Improving State of the World. Inada conditions. Inclusive growth. Index (economics) Industrialisation. Innovation economics. Institute of Economic Growth.
However, by the end of British rule, India's economy represented a much smaller proportion of global GDP. In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. The Republic of India, founded in 1947, adopted central planning for most of its independent history, with extensive public ownership ...
Uneconomic growth is economic growth that reflects or creates a decline in the quality of life. [1] The concept is used in human development theory, welfare theory, and ecological economics. It is usually attributed to ecological economist Herman Daly, though other theorists may also be credited for the incipient idea, [2] [3] According to Daly ...
GDP growth. GDP is a measure of both the economic production and income. The Economist reported in August 2014 that real (inflation-adjusted) GDP growth averaged about 1.8 percentage points faster under Democrats, from Truman through Obama's first term, which ended in January 2013.
UK Government: $86.9 billion. Bank of England: $0.015 billion. The economy of the United Kingdom is a highly developed social market economy. [26] [27] [28] It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), Tenth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per ...
However, it has strong and significant indirect effects which contribute to growth. Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom. [9] Democracy is closely tied with economic sources of growth, like education levels and lifespan through improvement of ...
The economy of Eritrea has undergone extreme changes after the War of Independence. It experienced considerable growth in recent years, indicated by an improvement in gross domestic product in 2011 of 8.7 percent and in 2012 of 7.5% over 2011, [3] and has a total of $8.090 billion as of 2020. However, worker remittances from abroad are ...
