Key Challenges in Economic Growth and Sustainability
Explore the unsolved problems in economics, including sustainable development goals, global CO2 emissions, new growth theories, and the pursuit of innovation. Dive into issues like unemployment and intensifying innovation tendencies for economic progress.
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Some of the unsolved problems in economy Prof. Andrzej Niemiec
Agenda Sustainable development Economic growth theory Some of the unsolved problems in economy
Global CO2 emissions Do we really know what are economic consequences of sustainable development?
New Growth Theories New growth theory presumes the desire and wants of the populace will drive ongoing productivity and economic growth. It argues that real gross domestic product (GDP) per person will perpetually increase because of people's pursuit of profits. The theory emphasizes the importance of entrepreneurship, knowledge, innovation, and technology, rejecting the popular view that economic growth is determined by external, uncontrollable forces. Knowledge is treated as an asset for growth that is not subject to finite restrictions or diminishing returns like other assets such as capital or real estate.
New Growth Theories The theory argues that innovation and new technologies do not occur simply by random chance. Rather, it depends on the number of people seeking out new innovations or technologies and how hard they are looking for them. It emphasizes the importance of entrepreneurship, knowledge, innovation, and technology, challenging the view of exogenous growth in neoclassical economics that economic progress is determined by external, uncontrollable forces.
Some of the unsolved problems in economy What are the real nature of Sustainable Development Goals? Unemployment (structural)? How to intence the tendency for seeking out new innovations?
