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Economic Development


Economic development is essential for long-term economic productivity. Consequently, growth trends point out the Gross National Product (GNP) and growth rate measures that require a set of data collected over years.

Some of the factors that affect the process of economic development: 

1- Changes in real exchange rate.

2- Cyclical fluctuations in Gross National Product (GNP) and foreign trade.

3- Financial instability, such as unsustainable credit boom and decline in savings.

4- Fluctuation in world prices for basic imports and exports.

5- Armed conflicts and political instability.

6- Natural disasters and other destabilizing events.

7- Drastic changes or mutations in the technology industry. 

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