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In order for a country to sustain long-run economic growth, the business environment must be conducive to innovation and entrepreneurial activity. These "engines" of growth require a free market economy and strong property rights. Even factors such as geography and education impact economic growth. Although a nation cannot change or improve upon its geography, its government should have a high investment in education...
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Although a nation cannot change or improve upon its geography, its government should have a high investment in education. Governments that make higher investments in education will have a higher growth rate because an educated nation is a more productive one.
With regard to a nation's social culture, there are many variables because culture evolves...
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