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Pelaxed: Difference between revisions
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In economics, ''pelaxed'' or ''pelaxation'' is a situation in which the [[Human Development Index]] of a nation is very high or increasing, while the economic growth rate slows and the GPD per capita remains at a medium/developed level. It presents a social dilemma for economic policy, since actions intended to increase the growth rate may decrease the IHDI. | See also: [[Economy of Pelaxia]] | ||
In economics, ''pelaxed'' or ''pelaxation'' is a situation in which the [[Human Development Index]] of a nation is very high or increasing, while the economic growth rate slows and the [https://en.wikipedia.org/wiki/Gross%20domestic%20product GPD] per capita remains at a medium/developed level. It presents a social dilemma for economic policy, since actions intended to increase the growth rate may decrease the IHDI. | |||
The term, a portmanteau of stagnation and [[Pelaxia]], is generally attributed to economist Per Denti, a [[Pelaxian Democratic Party]] politician who became Finance Minister in 1970. Denti used the word in a 1965 speech to The Regia during the height of the Pelaxian Welfare State system and increasing rate of inflation and stagnation. Warning the House of Deputies of the gravity of the situation. | The term, a portmanteau of stagnation and [[Pelaxia]], is generally attributed to economist Per Denti, a [[Pelaxian Democratic Party]] politician who became Finance Minister in 1970. Denti used the word in a 1965 speech to The Regia during the height of the Pelaxian Welfare State system and increasing rate of inflation and stagnation. Warning the House of Deputies of the gravity of the situation. | ||