ECON 102 Lecture 4: Econ_102_-_LE_4
Document Summary
Economic growth involves a change in gross national product with no change in the structure of society. The achievement of substantial levels of growth is an aspiration of most policy options. The above indicated macroeconomic challenges can be overcome through a combination of the following ways: Exceptionally high domestic saving and investment rates; and ability to tap successfully additional foreign savings to complement domestic effort. Financial policies oriented toward macro-stability help to keep inflation low and external imbalances under control.
