1)What policies achieved both environmental and economic benefits in the past 10 years?

2)What economic policies would a poor country need to pursue in order to become rich in the shortest possible period of time?

3)What macroeconomic policies should the UK use, now?

1)There are various policies to achieve both environmental and economic growth in the past 10 years such that the efficiency in energy in which low-interest-rate allows to household for the investment in domestic energy, developing the energy supply infrastructure to encourage investment in renewable energy, investment in natural capital, environmental innovation to make an investment in research and development and energy taxation to reduce the greenhouse emission etc.

2)

If a poor country wants to become rich in the shortest possible period of time, then it should follow the following policies:

• All kinds of international trade should be welcomed and restrictions on trade should be removed.
• All the government laws should be removed apart from the removal of laws on crimes.
• Licensing should be abolished as it will help new companies to come up and hence generate employment.

3)

The macroeconomic policies which the UK should use now are:

• The UK should focus on lowering inflation because a low level of inflation enables higher levels of investment in the long run.
• The UK should aim at stabilizing economic growth. The monetary policy should maintain a rate of economic growth which is sustainable and keeps the level of unemployment low.
• Quantitative easing, that is, investments should be made in treasury bills.