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Factors affecting economic growth

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Reference no: EM131558099

Discussion 1 Topic 1: Factors Affecting Economic Growth

It is highly recommended that you review the Seminar presentation located in the Seminar area before beginning the Discussion.

There are a number of economic and non-economic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries.

Based on your reading of Chapter 26, other course materials, and your knowledge and experience, analyze the following questions.

  • What factors might contribute to low or high growth rates in a country? How can sustainable long-run economic growth rate be realized? What are the roles of the government in achieving sustainable long-run economic growth?
  • Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?
  • What is the relationship between economic growth rate and unemployment rate?

Reference no: EM131558099

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