Carolina Journal Radio

Policy ought to promote economic growth, not economic development

Side view of two blurred businessmen talking in conference room
Side view of two blurred businessmen talking in conference room
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From Carolina Journal Radio Program No. 764: We hear a lot about economic development. We ought to focus instead on economic growth. Roy Cordato, John Locke Foundation senior economist, explains the distinction between the two terms. Cordato also explains why government policies should focus more on growth than development.