Macroeconomic strategies to guide the economy

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Chapter 6 in Development Macroeconomics, 2020, pp 256-267 from Edward Elgar Publishing

Abstract: In this final chapter, the insights of all the preceding chapters are first combined to design a development strategy that focuses on both the internal and the external aspects. The chapter also discusses several issues that practical implementation may face, which a government would have to take into account. Next is an outlook addressing the question of the long-run limits to growth, given that a government is successful in implementing a development strategy. It covers the historical slowdown in global growth, the limits set planetary boundaries, and the problems a stagnating capitalist economy faces. The book closes with the argument that the policy instruments presented in this analysis are useful to steer growth in an early stage of development, but also support the economic transition to a stable and sustainable non-growing economy.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2020
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