Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP.Consequently, as economist Amartya Sen points out, economic growth is one aspect of the process of economic development. Economic development' is a term that economists, politicians, and others have used frequently in the 20th century. The concept, however, has been in existence in the West for centuries.
Alexander Hamilton was one of the most prominent founding fathers in American history. He was the Secratary of Treasury under George Washington, and he had a lot of influence on the economic policies and decisions that were made. He was a Federalist, so he supported a government that was more involved.
Alexander Hamilton: Founding Father is the story of one of Americaâs great founding fathers, Alexander Hamilton. The book is a detailed account of this very important but controversial figure in American history. The story is a âclassic rags to richesâ one and begins with his childhood in the British West Indies. Though his life is filled with tragedy and he is very poor, Hamilton manages to distinguish himself through his writing and his business skills.