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Why saving is important for the economy 2024?
saving
important growth
Questioner:Lucas Phillips 2023-05-07 11:50:51
The most authoritative answer in 2024
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Julian Davis——Works at the International Telecommunication Union, Lives in Geneva, Switzerland.
Domestic
saving is therefore not considered an
important ingredient in the
growth process because investment can be financed by foreign
saving. ... Domestic
saving is more critical for adopting new technologies in developing rather than developed
economies.
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