By Mohamed Rabie
This ebook argues that improvement is a finished societal procedure with key components: fiscal restructuring and sociocultural transformation. whereas both of those parts on my own can begin switch, a robust improvement plan must deal with either as a way to succeed.
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Extra resources for A Theory of Sustainable Sociocultural and Economic Development
In contrast, poor nations that have low per capita incomes and high population growth rates need substantially higher rates of growth. Nevertheless, these nations need to reduce their population growth rates as they develop; 26 ● A Theory of Sustainable Sociocultural and Economic Development otherwise, their standards of living will not rise fast enough to improve the quality of their lives. Nations that are neither rich nor poor need moderate economic growth rates and probably lower population growth rates.
25 Nevertheless, we need to agree on a formula that divides nations into groups according to certain indicators, as explained hereunder, and assign a range of economic growth rates for each group. 5 percent annually. Economic rates would be based on each group’s level of development and needs. Rich nations that enjoy high levels of per capita income and low population growth rates are able to live comfortably with low economic growth rates. For example, Germany seems to do just fine with less than 1 percent annual growth rate.
And to achieve such goals, people need to become aware that some nations need to reduce their population growth rates and that all nations need to transform their culture. States need also to agree on an upper limit of economic growth for each group of nations based on their levels of development and quality of life. Accordingly, it is suggested that nations be divided into four groups: the most developed states that are entering the knowledge age, the industrialized states, the developing nations that are about to enter the industrial age, and the less developed nations.
A Theory of Sustainable Sociocultural and Economic Development by Mohamed Rabie