Wealth and Prosperity Unlocked: New Economic Theory Promises Rapid Development
The scientists examined different ideas about economic growth and trade in simpler terms. They looked at three main ways countries can develop economically: by getting more physical things like factories, improving education for people, or gaining knowledge through experience. After comparing these ideas with real-life facts, they found that all three ways play a role in how countries grow economically. This suggests that a mix of building stuff, educating people, and learning on the job can help countries develop their economies.