Considerations on the Theory of Economic Growth and Development

AbstractIs there a market? Is there a theory of growth and development? Are there determinants of performance or they are impossible to identify? Considering the historical data and estimating the magnitude of economic variables over long periods of time, some researchers consider that the determinants of market performance are the capital, the labor and the innovation. Analyzing the economic present from the countries of European Union, we conclude that these findings are not valid in the context of system crises. Are we in error and it is impossible to find an answer? Regarding this, the study is looking the answer of the questi on: Are there still valids the theories of the economic growth and development under the globalization and the volatilization of the effects determinated by the following relations: revenue - consumption - saving; saving - investments - revenue?