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externalities of innovations, argued to be inevitable. Another major reason lies in the fact that, as a result of innovations …
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inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and … a high level of competition. What a country produces and how much it competes domestically and internationally are …
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Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
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