Factors which determinate economic growth

Abstract

The global economic crisis, caused by the liberalization and deregulation of the market, the growth of the unemployed and the widening of the gap between a small number of the rich and the vast majority of poor people, transformed the evolutionary form of generating a suitable growth. The global economy is not only a boon of economic crisis, but also a globalization, the need to change the power of the trinity (among other things, growing demands for creativity), technologically driven IT revolutions, which significantly dictate occasional growth not only in the developed world but also in the developing world and underdeveloped countries of the world, a longer period of time is in the phase of deep structural changes. These changes have 1 [email protected] 2 42 contributed to a significant deepening of the gap between developed and underdeveloped economies in the world.The development of the land of light economic growth is to a great extent measured by the active application of innovative knowledge as well as the accumulation of complexity of technology and ongoing continuous improvement, that is, in the underdeveloped country, the primitive creatures previously told with productivity. Following the example of industrial leadership, a suitable underdeveloped country should put in a quality appropriate growth, characterized by sustainability and self-sustainability. Such a primary growth can not be achieved quickly, but has presented a slow and later process. The aim of this analysis is to illustrate how certain features, such as innovation, intellectual capital and technology, determine the economic growth of countries at a different level of development.

Keywords

• economic growth
• changes in the environment
• determinants of economic growth