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Factors Governing Growth of a Country
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Introduction During the late 20th century when the world was relatively stable and the international financial institutions were in place and working well, economic groupings began to emerge. The idea behind this was to have comparative advantage with respect to other groupings, better bargaining power at the negotiating table. Some of such groupings were the European Economic Union, APEC, NAFTA, ASEAN etc. India did not find a place in any such groupings. During the 1990s the Asian economies and the Latin American economies were doing roaring business and were growing at a rapid pace. The Asian economies came to be known as the Tiger Economies, again India missed out. It was widely talked about in India that India is not a tiger but more of an elephant, which would take its time coming, but certainly make its presence felt. The slow but steady rate at which India has been growing over the...
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