Post
Topic
Board Economics
Re: The role of private sector involvement in Economic growth
by
yudi09
on 15/08/2024, 18:55:42 UTC
Money is debt. If money is printed, make sure it goes into the production sector, not into the consumption sector or into the pockets of rich/corrupt people. Because if economic growth is calculated based on consumption, it means we expect inflation. That's the same as pouring gasoline on the fire. So, every country, if it wants its economy to grow, must protect the private sector and MSMEs with policies that favor farmers/traders/small producers.
Several sectors are needed for economic growth, not just one sector. In my opinion, economic growth depends on the category of the country in terms of its economy as well. If the country is classified as a developed country, maybe the economic growth sector only needs one or two sectors. If it is a developing country, the direction of policy to support economic growth should not focus on just one sector such as the production sector that you mentioned. At least several sectors need to be focused on. This is a sign of talking about corruption.