What causes rapid economic growth?

The causes of rapid economic growth relate to variables that can lead to significant growth in the economy of the region. Many factors, including general population growth and adequate human capital growth, can contribute to rapid economic growth. Innovation in the development and use of technology and its corresponding effects also contributes to rapid economic growth in the region. The presence of natural resources helps in rapid economic growth depending on the way natural resources are used and applied to the development of the economy of the region.

Human capital is the main factor of rapid economic growth, and this is represented by the knowledge of knowledge and experience that is stored in people who make up members of the consistent society. This phenomenon can be seen in a way that somewhat with well -educated and properly trained citizens excel in different aspects of development, including economic than in the regionEch that do not have these benefits, such as a well -educated population. Reflections on human capital are also evident in the general health and well -being of society members, which leads to a reasonable greater expectation of life and to increase the number of people in such society that contribute to its progress. If members of the Society are well trained, they will serve as a source on which the economy can rely on the provision of work, unlike companies that lack the appropriate job offer and must depend on immigrants or other forms of imported work.

Another factor that is a huge contributor to rapid economic growth is the discovery of natural resources in the form of minerals or other forms of sources that include precious stones and metals. In this case, the natural resources of the SERVE will be a means for the development of this economy by selling the same and making profits derived from this sale towards the development of infrastructure and other projects that will be facilitated by economic rushesTh.