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Social Capability and Long Term Economic Growth (The Twentieth Anniversary Symposium, July 1-3, 1991. Session III)

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  • 저자 Lawrence B. Krause
  • 발행일 1991/07/01
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요약 Two factors are known to have particular importance in
determining the pace of economic development in developing
countries; the economic policies they choose and implement, and
the ability of the economy to adjust to internal and external
shocks. Both of these factors depend fundamentally on the social
capability of the country.

In order to make the analytical case for the linkage between
social capacity and long term economic development, certain
concepts must be made clear. By economic development is meant
the progressive absorption and adaptation of industrial
technology. Economic growth through the exploitation of natural
resource does not fit this definition. Furthermore, social capacity
is a functional term that is meant to encompass both
governmental and private capacity, that is the whole of society.

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