causes of economic growth and economic effects of natural disasters

Causes of Economic Growth

Article 1

Reza, M., Fan, H., & Mohamued, E. (2018). Effects of export and technology on economic growth: Selected Emerging Asian Economics. Journal of Economic Research, Volume 32, Issue 1, 2019.

According to this article, the impacts of technology and international trade have gained the momentum in the 21st century and creating the greater impact on the overall economic operations of the country. Since competition is rising in the global platform, it is vital to work on the economic development activities and lower the uncertain barriers on the global platform and look for the better ways to perform the strategic business operations. Economic growth of the country depends on the several factors and the primary cause is human capital and monetary policies of the government which may affect the growth options. The role of export and technology is most important and plays a significant role in the overall growth options of the organizations in several ways. This article also states the impacts of technologies on the economic growth options and maximise the performance to enhance the profits and stay competitive.

Article 2

Magistretti, G., & Tabellini, M. (2018). Economic Integration and Democracy: An Empirical Investigation. Journal of Business Research for Business Leaders.

This article states that, economic integration can reduces the trade barriers and help the government to enhance the profits and improve the fiscal and living standards of the people in the society. Since the demand for the democracy is rising with the economic integration, it is most important to focus on the potential barriers and handle the vulnerable challenges in the economic development activities. To foster the economic growth of the country and lower the major barriers in the trade policies, government keep the primary focus on the various potential challenges and lower the vulnerable incidents. Economic integration also promotes the cultural exchange and minimise the key concerns with regards to the growth and development activities. To prevent the inequalities in the social life, it is most important for the government to focus on the economic growth activities and minimise the various competitive barriers and challenges.

Article 3

Acemoglu, D., Johnson, S., & Robinson, J. A., (2001). “The Colonial Origins of Comparative Development: An Empirical Investigation”. American Economic Review 91(5): 1369-1401.

In this article authors states that, the process of economic development is featured by the long period of stagnation followed by the quick take off and look for the desirable revenues. There is a large literature group which mainly deals with the potential challenges and look for the growth options and long term strategic revenues for the purpose of economic development activities. To understand the complete process of the economic development activities, it is required to understand the fundamental origins of the economic development activities and minimise the trade barriers which may lower the economic development activities. Human capital is the central growth process and gained the prominence with remarkable growth strategies and other options in the economic development activities. Human capital and economic development activities are closely relates to each other and greatly contribute in the overall success rate without affecting the economic standards of the country (Acemoglu, Johnson & Robinson, 2001).

Article 4

Stone, C. (2017). Economic Growth: Causes, Benefits, and Current Limits. Journal of Budget and Policy Priorities, Volume 16, Number 6, 2017.

According to this article, economic growth matters a lot for both fiscal stabilisation and raising the living standards and it is vital for the government to take the necessary moves to enhance the growth options. Economic growth over the next few years will be most crucial challenge for the countries and it may takes time to come out from the global pandemic situations. There are several benefits associated with the economic growth options and need to understand all the crucial resources which may helpful in dealing with the growth options and overcome the major barriers. To raise the economy of the country, the role of small business industries is crucial and helpful in understanding the major aspects of the economic growth and other areas. Faster growth in the Gross Domestic Products (GDP) also greatly contributes in the success of the economic operations of the country and raises the living standards.

Article 5

Bist, J., P., & Robert, R. (2018). Financial development and economic growth: Evidence from a panel of 16 African and non-African low income countries. Journal of economics and finance, volume 6, issue 1, 2018.

This article focuses on the long term relationship between the financial development activities and economic growth options. This article also suggested various ways to improve the financial operations of the country and focus on the international trade which opens the door for the new opportunities and lower the barriers which may hits the stable operations of the business. Positive impact of the financial development activities directly relates to the economic growth and minimise the various competitive barriers for the countries. This article also concentrating on the policy development activities and handling the challenges which may lower the economic growth and stable operations of the organizations. Economic growth options emphasises on the policies that offers the favourable conditions and target the private industries to grow so that they can contribute in the further development activities. Majority of the countries find out the various causes for the economic growth and focus on the priority options to maximise the revenues towards the profits.