Economic Growth and Economic Development

Economic growth and economic development are the factors measuring the growth of an economy. They may sound similar although, economic development is a broader concept than economic growth. What is Economic Growth? Economic growth refers to an increase in the value of goods and services produced in a given period in an economy. It isContinue reading “Economic Growth and Economic Development”

Aiding Global Economy : IMF

International Monetary Fund (IMF) is a global organization formed in July 1944 during the great depression. It came into operation in December 1945 to stabilize the global economy. It was formed when the global economy collapsed to accelerate the slowdown in the world economy. Headquartered in Washington D.C., USA, IMF emerged as a part ofContinue reading “Aiding Global Economy : IMF”