Presentation on theme: "Module Growth Policy: Why Economic Growth Rates Differ KRUGMAN'S MACROECONOMICS for AP* 39 Margaret Ray and David Anderson."— Presentation transcript:
Module Growth Policy: Why Economic Growth Rates Differ KRUGMAN'S MACROECONOMICS for AP* 39 Margaret Ray and David Anderson
What you will learn in this Module : The factors that explain why long-run growth rates differ so much among countries The challenges of growth posed by scarcity of natural resources, environmental degradation, and efforts to make growth sustainable Thomas Alva Edison
Why Growth Rates Differ Capital, Technology, and Growth Differences Adding to Physical Capital Adding to Human Capital Technological Progress
Why Growth Rates Differ The Role of Government in Promoting Economic Growth Governments and Physical Capital infrastructure Governments and Human Capital Governments and Technology Political Stability, Property Rights and Excessive Intervention
Is World Growth Sustainable? Sustainable Growth? Natural Resources and Growth, Revisited Economic Growth and the Environment
Is World Growth Sustainable? 3 Questions How large are the supplies of key natural resources? How effective will technology be at finding alternatives to natural resources? Can long-run economic growth continue in the face of resource scarcity?