Lecture handout: Growth*

⭐ Required readings:

Growth is like an iPhone:

Here is an example of Prague’s enduring beauty. But rather than look at this image and think about preservation of the status quo, I look at it and think of the amazing growth that transformed it from a hamlet to the city shown in 1910. Indeed, any historic and enduring beauty is testimony to previous growth and ambition.

See my Country competitiveness Dashboard.

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Learning Objectives: Understand the foundations of economic growth. See how economic growth theories inform development economics.  Cutting edge theory: This session defines cutting edge growth  Focus on diversity: One of the most widely respected economic historians of the factors that led to industrialisation is Deidre McCloskey Spotlight on sustainability: This session defines the sustainable growth rate as the balanced path between capital accumulation and capital consumption.