Growth Economics and Governance
- ISBN-10
- 8868129469
- ISBN-13
- 9788868129460
- Category
- Political Science
- Pages
- 210
- Language
- English
- Published
- 2017-11-30
- Publisher
- Edizioni Nuova Cultura
- Author
- Roberto Pasca di Magliano
Description
Economic growth reflects the long-term expansion of the productive potential of the economy. It is generally accepted as a widespread measure of the population’s well-being. Nevertheless the rate of growth of a country does not always represent the real improvement of the domestic behavior as it fails to capture key-aspects such as the environmental sustainability and the benefits of digital transformation. A rapid growth of the GDP brings benefits and costs as those deriving from the globalization and the impact of financial activities. Short-term growth depends on the economic cycles. Even if the growth rates weaken, per-capita income keeps growing. The volume follows the main growth theories and then addresses current issues such as the impact of the digital transformation of the society, the development aid policies as well as the contribution of the sovereign wealth funds. The last part is devoted to the effects on institutions, the perspectives of the Italian economy and the need for changes in the European institutions.
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