Answer to Question #204366 in History for Thobejane I

Question #204366

Debate how theories of sustainable economic development differ from classic theories of economic development


1
Expert's answer
2021-06-09T04:30:02-0400

There exists the difference between the theories of sustainable economic development and classic theories of economic development. The theories of sustainable economic development espouses an economic development that technically and scientifically sustains the social resources, hence economic state remains in an equilibrium for a certain time and space. The theories identify the sustainable growth path derived from either natural or human capital. The theories fail to give a qualitative change in economic development for a long period of time. That brings a distinction from classic theories of economic development which explains that, the economic growth occurs when capital is accumulated. Also, the theories explicates that economic growth results from reinvested profits gained from comparative advantage and division of labor.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS