Pages: 16-23 Published: 5 Oct 2019
Views: 210 Downloads: 62
Abstract: Economic development in the 21 century differs in many aspects form the development we have aimed at in previous periods. The paper discusses the key factors for economic growth of modern economies. It highlights the main drivers of growth and explains how they can be appropriately used to achieve economic development. Some examples are provided to illustrate the main points.
Keywords: economic development, drivers of growth, economic growth, developing economies