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ENDOGENOUS GROWTH THEORY Definition & Legal Meaning

Definition & Citations:

The concept that economic growth depends on government-negotiated, but non-international trade policies, industry access to capital and human resources, and effectiveness of internal processes. Popularized in the 1980s, this theory allegedly explains economic advantages of industrialized countries versus non-industrialized or emerging countries. Technological advancements are exclude when measuring economic growth. Contrast with exogenous growth theory.


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