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ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT: …

ECONOMIC GROWTH AND ECONOMIC development : CONCEPTS AND MEASURES Emil E. Malizia* Early Work As Arndt (1981, 1987) demonstrates, the tenneco-nomic development , as a subject of scholarly work has rather recent origins. The tenn is closely affiliated with planned investments and intentional development efforts. Thus the verb, to develop, is used in its transitive sense: people make development happen. Arndt reviews the diversity of opinion about the process of ECONOMIC development in relation to desired outcomes. Neoclassical theories and models focused on ways to mobilize resources to achieve ECONOMIC GROWTH .

define economic growth and economic development more clearly and to suggest face-valid measures of these con­ cepts. With better measures of these basic concepts, alternative theories and models of economic development may be tested more rigorously. The Meanings of Growth and Development Amos (1990) combines growth pole, long wave and

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  Economic, Development, Growth, Theories, Economic development, Economic growth, Of economic development

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