Sample Essay
An efficient capital market enables the region to convert its capital mechanism into a wealth generating projects. Moreover the present of monetary stability in the region contains and stabilizes the pricing in the market as well. This is as opposed to inflationary monetary policies which distort optics in the regional market.
The low tax rates in the region also enable the country to achieve economic growth as the people are able and permitted to keep more of what they earn off their productivity, resulting in more drive to increase their productivity. Lastly establishment of free trade zones enable the region to increase its economic activity as well as the country can export products it is efficient at producing and can import those which it dopes not have at very low costs.
The above highlighted main elements which lead to economic growth of regions and countries can be lacking in some countries, and this is the main reason as to why some countries experience economic growth while other don’t in the same period of time.
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