Growth in the economic downturn Growth
Some developing countries are hardly growing at all. This is often because the government is not managing the economy well. High and unstable inflation makes business difficult. And local and foreign investors take fewer risks if corruption means they have to pay bribes for licences, or if legal systems fail to uphold contracts. Growth happens faster when political and economic leaders create the right environment for trade and investment.
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Private sector Private sector
It is the private sector – from farmers and street traders to foreign investors – that creates growth. Growth is fuelled by the creativity and hard work of entrepreneurs and workers. But it is governments that are in a position to make markets and competition work, by taking the lead in making business easier and less expensive, and determining the level of regulation.
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