ECONOMIC GROWTH, the driving force behind solid state development

Economic growth is a central element of economic science, as it determines the well-being of populations and represents a major objective for all countries. In general, nations with the highest levels of development and well-being are also those with the best economic performance. Fostering growth implies an improvement in living standards, which requires appropriate political decisions to ensure progress. As a result, every country views growth as a strategic priority, requiring a continuous and structured process. In other words, growth is not the result of chance, but of sustained efforts to achieve a lasting increase in the economy’s real output.The overall growth rate is an essential indicator for measuring the effectiveness of economic policies. In particular, it reflects the evolution of income from labor and capital, the increase in material wealth and social well-being, job creation, the broadening of the tax base to finance public services, and the strengthening of a country’s economic weight on the international stage.