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Chapter 1 - Cengage Learning
Chapter 1 - Cengage Learning

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Recent Socio‐Economic Developments & the  Current Policy Environment in the Philippines: Rethinking economic growth strategies and policies to achieve  SDGs: the role of productivity
Recent Socio‐Economic Developments & the  Current Policy Environment in the Philippines: Rethinking economic growth strategies and policies to achieve  SDGs: the role of productivity

... Need to boost country’s competitiveness, climate for  innovation, and infrastructure spending, as well as worry  about rising tensions with neighbors  Steps needed to deepen inclusion in socio economic and  political landscape, including strengthening institutions,  and consider recurring climate ha ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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