Sustainable Economic Development
how can economic growth and development in India be made sustainable?
Give me some arguments or topics about how India’s economic growth and development can be made sustainable?
Growing at the Harrod Domar rate can be a temporal solution or a clue to invest.
All investments have to maximize the total social benefit.
y=dY/dt
k=dK/dt
I=µY
Y=output per unit of time we want to consider month, year etc.
K=capital per unit of time
I=investment
t=time
µ=investment per unit of output
In the Equilibrium, according to Keynes
S=I
S=sy=I=µY
y/Y=µ/s
s=marginal propension to save
In the case of India and some other countries, the industries considered dangerous by developed countries are moved to countries in which these technologies are accepted. That´s not a trivial matter because non financial capital has got an international circuit of second hand locations. This fact is part of what economists have defined as dependency.
I think India has to develope its own technology to find a sustainable way of growth. Of course topics about this would be:
1. Inmigration control from agricultural areas to the cities
2. Improvement in Education
3. Better institutions
4. Improvement in technology
5. Better use of natural resources
6. Ways to avoid political corruption
7. Better use of financial help or debt
8. Control of imports
9. Improving communications, roads, trains, planes
10. Getting conscious of what India is and what it has got to offer to the world. Improving exports
11. Improving relatioships with neighbouring countries
12. Finding ways to reunite all social classes
13. Analizing way to modify social structure linked to religion beliefs when it stops sustainable development
14. Planning agricultures schemes to get better crops and avoid hunger
15. Planning ways to restructure institutions that don´t work
16. Trying to create plans of freedom and equality
17. Making projects of growth in a realistic way
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