Globalization
…
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…the decade.
Essentially, the difference between economic growth and economic development is
that one is a quantitative measure (growth) and the other is a qualitative measure
(development). Economic development can be measured using a variety of indicators,
mostly developed by the United Nations Development Program (UNDP), though
another widely used indicator was developed by the World Bank. Globalisation can
have many affects on nations, depending on their government policies and also on
their economic status.
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