There are many reasons why a nation might want to increase economic growth. The first is that it leads to more jobs and higher wages for citizens of the country. Another reason, which has been heavily discussed in recent years, is that it can help reduce poverty by increasing the income levels of all people in society. This blog post will explore some powerful reasons as to why your country might want to focus on achieving higher rates of economic growth!
The first reason is that it leads to more jobs and higher wages for citizens of the country. In order to achieve this, a nation would need to focus on expanding its labour force by increasing the number of people who are gainfully employed, as well as focusing on policies that increase productivity in the workforce.
One wise policy decision might be investing in research and development programs that will lead to new inventions or innovations within your economy. This can open up opportunities for increased exports, leading again back into trade agreements with other countries!
A second powerful reason why nations should want high rates of economic growth is that if you’re able to reduce poverty through economic growth then all individuals in society become better off due to their own incomes being boosted too –