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Policies to pursue economic growth do not necessarily bring about economic development and poverty alleviation Comment making us of both theory and empirical evidence

...... As the United States has found itself in another economic stalemate, the recent Obama administration has once again re-invoked the elements of such policies. Recent implementations during the latest economic recession show a trend of increased government spending once again to help rebalance the struggling American economy. President Obama and his administration have increased spending and created legislation like the Job Creation and Unemployment Relief Act of 2008 (Utt 2008). This act will spend $58.2 billion between 2009 and 2013 in order to help get Americans employed and increase their overall spending power. Research suggests that This focus stems in part from a belief that much of our infrastructure has deteriorated and that a substantial investment in its essential long-term growth and prosperity while also providing jobs and profits in the present, (Utt 2008). Yet, as we continue to increase our spending, we must still be weary of how successful such a strategy could actually be
Japan actually presents a case which shows this strategy as being wholly unsuccessful. Japan was once on a stellar track to economic prosperity. The end of the twentieth century saw promising chances for the island nations economy. In 1991, the government spending was