CONCEPTUAL APPROACHES TO ECONOMIC GROWTH AND DEVELOPMENT

Florin Bonciu

Revista de Economie Mondiala / The Journal of Global Economics, 2017, vol. 9, issue 2, 1-18

Abstract: The paper begins with an analysis of the changes that took place in the world economy in the past three decades against the backdrop of deepening globalization, and underlines the differences between economic growth and economic development, on the one hand, and human development, on the other hand. The second part of the paper reviews the historical evolution of the concept of economic development, tracing the increase in its complexity as well as the implications of the linear growth paradigm. The third part explores the possible implications of economic growth, and recommends the avoidance of transforming it into a fetish,along with the rejection of the hypothesis of its automatic transformation into development.

Keywords: economic growth; economic development; human development; development paradigm; globalization (search for similar items in EconPapers)
JEL-codes: F60 F63 O10 O14 O15 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://iem.ro/rem/index.php/REM/article/view/575/636 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:9:y:2017:i:2:p:1-18

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).