The Pros And Cons Of Economic Growth

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1.0 introduction
What is economic growth? There are two ways to explain it. Frist, a country’s GDP growth rate is better than last year. Secondly, production possibilities curve (PPC) will shift outward. What are those of factors to decide PPC shift outward? Due to five factors are country resource, increasing capital, human resource, technology improvement and economy changes. Economic growth is including many reason and factor, PPC is the most important factor to effect a country economy. On the other hand, what is economic growth rate? Economic Growth Rate a measure of economic growth from one period to another in percentage terms. This measure does not adjust for inflation, it is expressed in nominal terms. In practice, it is a measure of the rate of change that a nation 's gross domestic product goes through from one year to another.
Now days, Malaysia is belong newly industrialized market economies in international market. In 1970, minerals and agriculture are the main revenue in Malaysia economy. After 1980, under the president of Malaysia Mahathir implemented National Development Policy the industry has been leading the economic growth of Malaysia. Why Malaysia can changes economics model successful? Due to Malaysia have many nature resource, a steady political situation and location.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
RGDP 5.3 5.9 6.3 4.6 -1.7 7.2 5.1 5.6 4.7 6.0
2.0 Economics Growth

These table and line chart are showing Malaysia

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