The rate of economic growth varies from country to country.
In developing countries it is usually faster than in developed countries, but despite this new economic goods no more is created.
Usually lower economic growth in richer, developed countries generates more new economic goods or a greater range of value added than in developing countries.
However, in order to develop economic growth in a longer, long-term period, economic growth should take place for many years, but it does not necessarily have to have high value.
According to the concept of the new, green economy, in the future the pace of economic growth does not have to be high to ensure sustainable pro-ecological economic development in the long term.
Please, answer, comments.
I invite you to the discussion.
Best wishes