Traditional Approach Till 1960 the terms economic growth and economic development were considered to be the same ie synonyms. As a consequence economic development was taken to mean a sustained and steady increase in GDP (@ 5% to 7% per…
Traditional Approach Till 1960 the terms economic growth and economic development were considered to be the same ie synonyms. As a consequence economic development was taken to mean a sustained and steady increase in GDP (@ 5% to 7% per…