Economic Growth Case Study:
Economic growth is the increase of the production in the national economics during the certain period of time. Economic growth is one of the most important factors of the human well-being, because the modern human civilization exists due to the global financial system and money has the largest impact on the majority of the processes.
Economic grows of every country is generally reached with the help of the intensive and extensive factors. Intensive factors are determined with the improvement of the work, systems of management, technologies, innovations, modernization of production and the improvement of the quality of the work force. It is obvious that the basis of the modern economics is the top-qualified employees.
Extensive economic growth is reached with the help of the simple increase of the amount of the resources used for production. For example, the amount of the work force is increased instead of the increase of the quality of work and introduction of the new technologies. The most common extensive economic growth involves new and new territories, new sums of the donated money and more and more employees. Economic growth is possible only with the help of the innovations, constant investment, and decrease of the expenditures for production on the level of a firm and on the level of the whole economics. Such factors as the technical progress, creation of infrastructure and economic institutions make the economic growth through the increase of the quality of work and physical and personal capital.
Economic growth is the gradual process, which is often a long-term dream for every country, because only economic growth can improve the life of people, provide them with everything essential. A well-analyzed economic growth case study should explain the topic well and analyze it from all aspects. A student should be good at the topic and its general points to cope with the direct problems of a case study suggested by the teacher. In order to analyze the problem, a student should collect reliable information and analyze it well; after that one should find the reason the problem and weigh its consequences on the economic growth. Finally, it is reasonable to present a list of the methods which will be effective for the solution of the problem.
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