Economic Growth

How Economic Growth can be Fostered

The unicist ontology of economic growth defines that it is based on the action of a technological driver and sustained by the need to avoid scarcity.

If we describe the concept of economic growth, its ontology or fundamentals, we can say that economic growth is driven by technology, monetary circulation, competitiveness and scarcity.

Considering the active principle, that sustains the maximal strategy, technology is the purpose that must be achieved in order to make an economy grow.

This purpose is put into action by a consumer’s monetary circulation and sustained by value competitiveness.

The active principle of economic growth requires:

  • Technology: technology implies an improvement of the generation of added value with less energy consumption and less energy losses. Thus the economy grows in terms of increasing the available added value that can be traded in the community.
  • Consumer’s monetary circulation: is the necessary money and credit available to access goods for the mass population.
  • Value competitiveness: is the capacity to compete providing superior value and not based on cost advantages.

The energy conservation principle, that sustains the minimum strategy, requires the integration of a need to avoid scarcity, productive monetary circulation to finance the production of goods and services and price competitiveness in order to win markets based on price advantages.

Diana Belohlavek

NOTE: The Unicist Research Institute was the pioneer in using the unicist logical approach in complexity science research and became a private global decentralized leading research organization in the field of human adaptive systems. It has an academic arm and a business arm.