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Growth and Development

Norway has in the past 50 years experienced significant economic growth and is today considered one of the wealthiest countries in the world. In other parts of the world, living standards have remained the same over hundreds of years.

bag on the floor from which coins, bills, and seeds are flowing out onto the floor.

Foto: Nick van den Berg

Under this field of study we explore the following questions:

  • What are the determinants of economic growth?
  • Why do some economies grow rapidly while others stagnate?
  • What is the relationship between political governance structure and economic growth?
  • Does foreign aid contribute towards reducing poverty or does it instead undermine development?
  • How does distribution of land affect economic development?
Published June 8, 2011 3:18 PM - Last modified Mar. 29, 2024 7:52 AM