Foundations of sustainable economic and social development, growth, and economic policy. Perspective from emerging countries

This article is situated within the framework of the study of current development problems. Its fundamental purpose is to establish a conceptual synthesis of three related topics: (i) Economic policy; (ii) Economic growth; and (iii) Foundations of the dynamics related to the generation of well-being and sustainable economic and social development. Based on an analytical and documentary approach, a convergent conceptual statement is made, establishing the essential components of each aspect (analytical phase) and then summarizing the main links (synthesis phase). The operative substrate is economic policy -especially monetary, fiscal, and exchange rate policy- which has a direct impact on productive growth (necessary but not sufficient) to subsequently promote development and sustainable social well-being. The perspective of this content is fundamentally that of developing or emerging countries, particularly in Latin America, the Caribbean, and sub-Saharan nation.