Quick Question - What are stratgies to promote economic growth/development? (1 Viewer)

[Ethanescence]

Could one of these strategies be if a country is part of a free trade agreement, or has signed a environmental treaty (kyoto)?

Or is it relating more to the domestic side, e.g. immigration policies, welfare payments, redistribution of income?

 

[gnrlies]

Trade liberalisation is definately a common strategy aimed at promoting growth, signing an environmental treaty is actually prohibitive to growth (usually).

I suspect you are asking this with reference to your case study. If this is the case you might want to look at some of its policies dealing with the rest of the world (i.e. financial deregulation, tariff reform, etc etc.). Remember that case studies are in the globalisation topic, so it usually helps to have an international perspective.

If you are talking about Australia or policies aimed at promoting growth domestically, you would be most likely looking at macroeconomic policies and a range of microeconomic policies but at this time of the year (and in the globalisation topic) these policies are not yet addressed so save these for later