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Showing posts with the label class structure

Policy and Infrastructure Improves National Growth

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The development of nations occurs on a constant basis. The policies leaders put in place have a huge impact on the success of any nation and can have long-lasting impacts. A paper by Carmignani & Chowdhury (2010) discusses how specific and broad focus impacts growth. They elaborate on four scenarios of development and the outcomes of each.  Positive Growth and Decreasing Inequality : Occurs when there is growth in the economy but greater mobility of the classes.  Positive Growth and Increasing Inequality : Occurs when there is growth in the economy but that growth impacts one class over another.  Negative Growth and Decreasing Inequality : Occurs when growth is negative but there is greater mobility among the classes.  Negative Growth and Inequality: Occurs when growth is negative but it impacts one class over another.  The authors found through their analysis that strong policies and infrastructure improvements help create the right opportunities for a p