People all over the world have concerns about the impact of economic growth on their societies. There is no question that people gain from growth. There is also no question that economic growth changes the institutions of a society in profound ways, some of which may be very unwelcome. But what is often not fully appreciated is that strong social institutions improve the ability of people to take advantage of economic opportunity and to withstand the turbulence and strains associated with economic change.
Answers & Comments
Answer:
People all over the world have concerns about the impact of economic growth on their societies. There is no question that people gain from growth. There is also no question that economic growth changes the institutions of a society in profound ways, some of which may be very unwelcome. But what is often not fully appreciated is that strong social institutions improve the ability of people to take advantage of economic opportunity and to withstand the turbulence and strains associated with economic change.
Explanation:
It HOPE HELPS! GOD BLESS!