What Is The Long-run Relationship Between Economic Growth And Quality Of Life? In What Ways Have Living Standards Changed Over Last 150 Years Other Than Through Economic Growth?

NameUniversityCourseTutorDateInternational comparisons by many an(prenominal) scholars regarding caliber of biography seduce everyplace the years carryed to indicate a strong relationship amidst sparing growth and case of life . In onus , these comparisons have shown that there exists a positive relationship amongst gross shack servant crossing and the living standards of individuals in a orbit . While this may be thought of as existence true given many researches conducted by many scholars , historical experience tend to negate this belief . The quantify of services in the quality of life in terms of health , teaching method happiness , material levels of living and civil rights tend to be different from that of improvement in gross interior(prenominal) product per capita in amount . In essence , some indicators of improved gross domestic product precede improvements in the living standards while other(a)s come after these improvements .

On the other hand , different split of the founding experience different levels of quality of life improvements and at other times , the indicators of quality of life tend to watch silent despite huge changes in the level of sincere per capita income . In this sense , there exists strong evidence that points to the feature that improvements in the level of economic growth in roughly countries does not necessarily translate to improvement in the quality of life lived by citizens in those parti cular countries (Maddison , 1995 ,. 65Some s! cholars have argued that improvement in real gross domestic growth per capita potbelly never be equated to improvement in the living standards or the quality of life...If you want to get a full essay, ordination it on our website: OrderCustomPaper.com

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