Join the new world

This is some schoolbook examples on how to achieving faster economic growth:
• Create incentive mechanisms:
Establish institutions such as property rights/legal system in order to improve
incentives to save, invest, innovate, etc.
• Encourage saving:
Saving leads to increasing growth rates of capital which stimulates economic growth.
• Encourage research and development to finance basic research:
Basic research can easily be copied which limits the profits, therefore too few
resources are allocated to these activities. The problem raises the question how should
the public resources be allocated?
• Encourage international trade:
International trade stimulates economic growth; a country can for example gain from
specialization and import new technologies from abroad.
• Improve the quality of education:
Improved quality of education results in a higher level of human capital which in turn
increases the labor productivity.
• Stimulate labor market participation
• Stimulate entrepreneurship

This is not so far away from what we are doing in this game.


Söker folk till mitt moving företag. Minst skill 2.00