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 played a key role in building the American government by serving on Washington's staff for the revolutionary war from 1777-1781. He was the first Secretary â¦ of Treasury and did much to put the federal government on a firm fiscal basis.
The cover of Duel with the Devil and author Paul Collins. History may be written by the victors, but Alexander Hamilton became a victor by writing history. He died at the hands of lifelong rival Aaron Burr in a famous duel, yet posterity has been kinder to Hamilton because of the power of his pen.