What Factors Promote Strong Economic Growth?

Ten Forces to Promote Economic Growth: A doctrine that examines the driving forces for economic growth in underdeveloped countries. Many developing countries have abundant natural resources, but lack the capital, markets, and technologies necessary to develop these resources. Although developed countries have capital and technology, they lack natural resources. Various industries in developing countries often import many equipment, technology, materials and even raw materials from abroad. This will pay a price, but once the market for these products is formed, manufacturers and suppliers in the importing country can usually easily communicate with overseas. Exporters compete effectively. In order to prevent the government from going too far in protecting its industry, tariffs should be used to help a plan instead of import quotas or other mandatory measures.

Ten Powers for Economic Growth

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Ten Forces to Promote Economic Growth: A doctrine that examines the driving forces for economic growth in underdeveloped countries. a lot of

The ten forces for economic growth were proposed by Herman Kahn, an American futurist in the early 1970s, in the book Two Hundred Years Next.

Kahn believes that although there are certain factors in the world environment that are not conducive to the development of the Third World, and there is a clear gap between developing and developed countries, it is this gap that has accelerated the development of Third World countries. An important factor, its existence has produced 10 forces to promote economic growth in developing countries:

The availability of capital, markets, and technology for the ten powers of economic growth

Through cooperation, developing countries can easily obtain the necessary capital, markets and technologies from developed countries.

Ten Forces to Promote Economic Growth

With the disappearance of the recession in developed countries, modern economic growth urgently requires cheap labor. On the contrary, the problem of labor surplus in developing countries will become more prominent. Taking into account the restrictions on immigration in many countries, temporary migration of temporary workers will be organized in the future. After a period of work, these organized migrant workers will return to China with funds and skills.

Ten Forces to Promote Economic Growth

More and more developed countries are moving labor-intensive enterprises to developing countries and hiring workers on the spot. If developing countries seize this opportunity, it will be conducive to economic development. Such programs must be carefully designed and avoid overly rigid plans and over-reliance on developed countries.

Ten Forces to Promote Economic Growth Tourism Development

By the end of the 2000s, tourism will become one of the largest industries in the world. By 2000, its annual growth rate will remain at the level of 10-20%. There is ample evidence that the main recipients of tourism income are developing countries. In many developing countries, the tourism industry doubles every two or three years, and there will soon be greater development.

Ten Forces to Promote Economic Growth Technology Transfer

Many types of industry and science and technology can be easily transferred, as evidenced by the rapid development and popularization of electronic computers. The transfer of agricultural technology is relatively difficult. Research in developing countries must create various necessary human and material conditions for local agriculture. Countries should also establish appropriate infrastructure and organizational structures and formulate necessary plans.

Ten Powers to Promote Economic Growth Have Reference Models, Institutions, and Individuals

Developed countries provide examples of how to do and how to avoid certain mistakes in many ways, and the market economy system has effectively promoted the modernization of some developing countries. These paradigms and institutions have undoubtedly opened the way for development.

() Ten forces that promote economic growth import "pollution" and (lower) activities

For many developing countries, the biggest pollution is poverty. In order to eliminate poverty quickly and effectively, it is almost inevitable to import pollution and disgusting activities from developed countries. On the other hand, because many anti-pollution technologies are easier to obtain, the damage to developing countries is less than expected.

Ten Powers to Promote Economic Growth

Otherwise, not only will the competitiveness of protected industries and individuals be weakened, but the state will also be dragged down by high products or labor, which is not conducive to economic development.

Ten Forces Promoting Economic Growth Existence of High External Stability Order

Compared with earlier times, developing countries are no longer threatened by armed forces from developed countries, and in most cases are no longer threatened by neighboring countries. This has greatly reduced the proportion of developing countries' defense expenditure in the gross national product.

Ten Powers to Promote Economic Growth

Because of its counterproductive side, it will play a smaller role in the future. Kahn believes that although the above ten forces are different in different countries, the general trend is the same, that is, the use of the gap between developing and developed countries to promote rapid economic growth and make developing countries rich in the near future stand up.