Wednesday, November 18, 2015

Endogenous Growth Theory

1    Endogenous Growth Theory

http://wp.aae.wisc.edu/ced/wp-content/uploads/sites/3/2013/07/economic-growth-on-line-for-CNRED.pdf

Define: long-term economic growth which has been fostered internally, particularly to grow technological growth and knowledge.

Apply: this can be applied at the community level, particularly when a community is looking to grow its human capital. Knowledge and education can be fostered within a community to grow capabilities, draw companies providing those jobs, and then other service providers to support this workforce into the community.

Adapt: This can also be adapted within a company, in which decision-makers decide to invest in the education of their employees. As their employees learn more, the company expands and improves.

No comments:

Post a Comment