I. 20th Century Economics. Selected data, theory, norms and policies (overview ). I . 1 Some 20 th Century Data. I.1.1 Long term growth trends. Real GDP p.c., 1870 – 2001: USA, CND, AUS, J 1990 International Geary – Khamis dollars.
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Selected data, theory, norms and policies
I.1.1 Long term growth trends
Evidence for most of the developed countries:
Factors of growth:
Consequently, the role of state:
In modern history – 3 approaches how to meet the norms
Best illustrated by following examples: