ABSTRACT
Economic growth is a process of change through time, which involves an interrelationship between economic, political and social factors. It can be envisaged as an almost uninterrupted increase year after year, in a country’s per capita output. Unsurprisingly, the development priorities of developing countries include income growth, rising investments and exports, creating more and better employment opportunities, and benefiting from technical progress. No wonder, developing countries are placed under considerable pressure to upgrade their resources and capabilities if they are to achieve these objectives.
