Economic Growth and Development Factors

Aneta A. Teperek ()

Chapter Chapter 6 in Long-Term Economic Growth in the World's Smallest Economies, 2024, pp 157-160 from Springer

Abstract: Abstract This chapter provides an overview of the traditional and modern factors, including natural resources, human resources, knowledge resources, infrastructure, and capital resources, that influence the economic growth and development of countries in general, including the world’s smallest economies. Furthermore, it describes the types of economic growth pursued by the world’s smallest economies (e.g., resource-based economic model, investment-based economic model, and innovation-based economic model), which, in effect, lead to an increase in their economic potential.

Keywords: Economic growth; Economic development; Traditional factors; Modern factors; Economic model; Economic potential (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-74212-5_6

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DOI: 10.1007/978-3-031-74212-5_6

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