A widely used proxy for economic growth is changes in real gross domestic product GDP per capita—the final sales of goods and services in a country per person, adjusted for inflation. The political and social climate of a country influences the total output of a country's economy.
The shock of the Shanghai stock crash of has lead to growing fears that Chinese economy is more fragile than previously thought. KAA Point 1: Controlling inflationary pressures Higher interest rates might be justified on the grounds of helping to control inflationary pressures.
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It is home to 16 of the worlds 20 most polluted cities and leads the world in smog-related respiratory and cardio-vascular disease deaths. Some analysts also argue that culture plays a role in growth. Challenging theory like this is tough, but there are a lot of marks for you if you can do it well.
Increasing the rates of economic growth has long been the holy grail of conventional economics and politics.