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The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time.
The notion of economic growth having a greater influence on democracy was a very popular opinion in the 1950s. The most important work on the subject has been done by Lipset 1959, [18] where he states that economic development is one of the prerequisites for democracy. However, this is true.
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
Every year, Fortune publishes the Future 50, a ranking of the world's largest public companies by their long-term growth prospects, ... The importance of the operating model.
Economic growth has been formulated as an important economic policy goal for decades. [58] [59] Examples include the "growth duty" in British legislation, [60] but also the Canadian Jobs and Growth Act, the African Growth and Opportunity Act or the European Stability and Growth Pact of 1997. This has been criticised as politically adhering to a ...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
U.S. President Donald Trump's administration is considering merging the U.S. international aid agency (USAID) into the State Department in a major revamp that would shrink its workforce and align ...
More important to interested investors, the rise of ride-hailing is allowing people to rethink car ownership or even attaining a driver's license, accelerating the industry's growth.