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ISBInsight is the Flagship Research Periodical of the Indian School of Business

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Alex M Thomas

PhD candidate at the School of Economics, University of Sydney, Australia

(Mis)Understanding Economic Growth and Development

An accurate understanding of the process of economic growth is a prerequisite for intervention as well as abstention from interference by the government and civil society. The ultimate policy objective is economic development – a qualitative improvement in the lives of the populace. The benefits accruing to the populace depend on the nature of economic growth, which can be services-led, …

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