What factors affect long -term economic growth?
The factors that most likely affect long -term economic growth are social stability and integrity of legal systems. Manageing natural resources is also a key element in issues that affect the prosperity of the nation. Politics that protect the integrity of the process of raising children and protect family heritage are two other factors that facilitate long -term economic growth.
Social stability usually depends on how well social institutions provide a stable climate for ongoing long -term investments so that they can be carried out with confidence investors. These institutions can be found in many areas of society aimed at ensuring security and better quality of life, including education, defense, health care and research. One of the main ways of the government facilitates long -term economic growth, the creation and interpretation of laws is ways to create economic climate suitable for growth.This investment is private or public is often another major factor forEnsuring long -term economic viability. The combination of incentives and sanctions is often used by the national government to increase literacy and work skills. Sanctions intended to increase long -term economic growth include laws on compulsory education and laws that punish those who use children's workers.
How well the nation defends itself is another factor in increasing economic growth in the long run. If the country is unable to bounce attackers, reduce looting or prevent extensive organized crime, there may be a devastating impact on the economy. Measures taken to ensure adequate national defense are usually considered critical to ensure prosperity.
Another way that the legal system of the nation can affect long -term economic growth is how well it ensures the integrity of capital ownership. Multi -wings have laws that exiThey are to ensure that capital markets operate lawfully and consistently. In countries where this is not the case, investors can escape to unregulated black markets and legitimate markets can disappear.
Investment in technology is generally considered to be another key component to facilitate long -term economic growth. Governments often offer incentives to support this activity. Technological assistance sponsored by the government is a frequent means of increasing long -term economic prosperity and may include subsidies to support technological development.
Protection of natural resources against unfair exploitation or destruction against pollution is another factor in increasing social prosperity. Incorrect management is usually considered a key component necessary to increase the standard of living. As a competition for natural resources, such as fresh water, productive agricultural land or fishing in the oceanzdroje are usually considered critical importance for long -term economic growth.