Write a term paper about the patterns of economic growth across countries in the world for the past 50 years. You can focus your analysis on at least two countries. However, you cannot choose China, Hong Kong and Japan.

BRIEF ANSWERS

Economic growth patterns analysis

Economic growth is the increase of market value of the goods and services produced by an economy over time. A county’s economic growth is measured as percent rate of increase in real gross domestic product. Besides, it is the increase in real output of a country specifically in a span of a defined time. Additionally, economic growth is a quantitative analysis showing the quality of life in a country. Currently, the World Bank in its statistics used gross national income instead of GDP to measure growth.  For global economic analysis, the purpose of this analysis report is to identify different patterns of economic development among the countries in the world over the past 50 years. The report takes……

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