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which type of growth will most likely to lead decline in nations walfare .what is meant...

which type of growth will most likely to lead decline in nations walfare .what is meant by immiserizing growth ? which type of growth will most likely to lead an increase in nation welfare?
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Answer #1

Economic growth at its best rests upon the inventive and innovative talents of each nation. These talents are best supported by a local mini-banking system like the German Sparkassen Savings Banking system which assists the foundation and development of unique local

Inventions are the natural consequence of human ingenuity which exists in all the countries of the world. The maximal development of local inventions and its transfer into innovation is not at the expense of any other country but it helps each country to develop products typical of its own unique cultural mindset.

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