IDEAS home Printed from https://ideas.repec.org/a/nwe/iisabg/y2018i4p126-132.html
   My bibliography  Save this article

Problems of Economic Growth in Developed Countries

Author

Listed:
  • Dimitar Sabev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Political discourse nowadays takes by default that economic growth is a positive feature. This article discerns five common situations when lasting negative economic performance accom­panies GDP growth. Growth has been fetishized for a long time, due to a set of factors, includ­ing class interests, psychology, history and math­ematics. However, it becomes evident that the incessant and rapid growth of GDP is not only needless and/or negative but also impossible. The fundaments that propelled the exponential growth of modern economy are already used up. While the rich world confronts the challenge of de-growth, a high return on financial capital is still possible with a comprehensive global develop­ment policy. The middle echelon of countries like Bulgaria has to quickly abandon the catching-up attitude while aiming at a higher level of welfare perception beyond material increments.

Suggested Citation

  • Dimitar Sabev, 2018. "Problems of Economic Growth in Developed Countries," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 126-132, December.
    • Handle: RePEc:nwe:iisabg:y:2018:i:4:p:126-132
    as

    Download full text from publisher

    File URL: https://www.unwe.bg/uploads/Alternatives/Sabev_IA_br4_2018_bg-10.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic growth; development; economic saturation; international relations;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:iisabg:y:2018:i:4:p:126-132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.