Sri Lanka’s growth paradox: When poverty yields, income gap holds stubbornly
Obsessive pursuit of economic growth-Sunday 11th May 2014Economic growth is voted almost unanimously by everyone as ‘good’ for society because it enhances the ‘material goods’ available for people to lead a better living. It increases wealth of people and prosperity in society. High economic growth rates are preferred to low economic growth rates because they bring in higher levels of wealth and prosperity. Hence, all societies today – rich, middle and poor – pursue economic growth as the single-most goal of society to offer a better deal for their members.
