Economic Development

Economic growth is a dynamic and multi-faceted occurrence that is highly dependent on a specific number of factors that include but are not limited to:

  • National fiscal stability (debt vs surplus reserves)
  • Savings within the public and private sector
  • Consumer spending (caution if spending is generated by high consumer debt)
  • Export of goods and national value added
  • Import of goods (trade deficit or surplus)
  • Productivity of the labour force (labour laws, cost, education and culture)
  • Direct investment through foreign or local direct investment
  • Tax rates or cost of doing business
  • Interest rates
  • Energy prices and dependence on imported energy
  • Immigration
  • Stable government & adherence to the rule of law (corruption)
  • Ease of doing business
  • Standard of living (safety, education, infrastructure, health, environment)
  • Cost of living in order to maintain a good standard of living
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