- Daarshinie Nadarajan
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What is the fundamental factor that contributes to long-run growth?
Why have some countries achieved sustained long-run growth compared with those that have not?
What are the causes that spear heads nations in achieving long run growth? Looking back at the Industrial Revolution in Britain or European colonies in the New World, was it a single element or a prefect storm of endogenous factors that came together in creating a conducive environment for the take off?
Main stream ideas points to democracy and trade in creating incentives for economic growth.
What about geography and factor endowments? Why then can't these factors be applied to other nations? Share your thoughts?