According to some representatives, support for private sector led growth was essential.

Scarce labor drives wages.

Is Export Led Growth Passé?

GDP growth of 4.6 per cent remained modest, particularly since it had not fed into job creation.

In the short term, these efforts are important, particularly in developing countries with export led growth strategies.UNDP, op. cit., page 19.

IMF's executive directors commended China for its steadfast determination to enable a more balanced and sustainable economic growth, and noticed that China's economic growth is increasingly driven by services and consumption.

We are fully cognizant that only trade can be the engine of growth and development.

Despite their low income levels, by virtue of their numbers, this group of persons, if targeted, could generate significant growth and activity for businesses.

The increase in the Gaza Strip is due to population growth.

Rather, there appear to be mutually reinforcing benefits to policies that are jointly critical for growth.

Free Trade, Free Labor, Free Growth

Globalization has brought unprecedented economic growth.

It is intended that this will lead to income generation activities, with subsequent increased levels of self reliance.

Since 1987, the Sri Lankan Government has been implementing a vigorous, private sector led programme of diversification, export growth, and raising of peasant incomes.

C. Rationale, niche and added value

Led by Romania and Bulgaria, flows to South East Europe also grew fast.

The development of economy has brought other social problems.

The contribution of fiscal policy to growth is negligible in the presence of fixed exchange rates, a system heavily reliant on indirect taxes, increasing pressure from external debt and free capital mobility.

Growth is an important poverty reducing force, and trade is the engine of growth.

At present, many developing countries are accumulating foreign exchange reserves in order to avoid such overvaluation and to enjoy export led rather than debt led growth.

In general, growth was broadly based, supported by robust export growth and higher commodity prices as well as strong domestic demand driven by low interest rates.

So, has Georgia s development model been conducive to dynamic and inclusive growth, that is, growth that leads to productive investment, innovative practices, and widespread job creation?

As growth in Europe, Asia and emerging markets is mostly not encouraging, the United States is increasingly becoming the main engine of global economic growth.

With the female EAP growing at an average annual rate of 5.4 per cent and the incorporation of 826,000 women in the economy, a feminization of the economically active population took place from 1981 to 1993.

The impressive rates of economic growth and poverty reduction in that region illustrated the enormous benefits of sound economic policies and pro growth reforms.

However, to the extent that public investment grows, aggregate demand increases correspondingly, generating some growth and creating a cushion against recession.

Visitor attendance to guided tours also continued to increase in 2004, reflecting more visiting school groups as well as an overall growth in the tourism industry in New York City.

Due to the rapid growth of its economy, demand for steel has increased at very high rates.

The workforce grew to 36,878, an 11 per cent rise over the decade.

Because nature oriented tourism is growing at 10 30 percent per year far faster than the growth of general tourism at 4 percent annually the potential benefits to developing countries with significant sea turtle populations is great.

However, growth in enrolment was unevenly distributed, with rapid growth in the Gaza Strip (7.2 per cent), moderate growth in the West Bank and Lebanon (4.4 per cent and 3 per cent respectively), zero growth in the Syrian Arab Republic (0.1 per cent increase) and negative growth in Jordan (1.7 per cent decrease).

Total export earnings, mainly driven by these two sectors, rose 18.8 per cent during the second quarter of 1997, compared to 11.7 per cent during the same period in 1996.4

7. The expert from Malaysia described how the liberalization of the telecommunications sector had brought about strong competition and rapidly growing demand.

Innovation drives economic growth.

Automation, Productivity, and Growth

America s Move to Faster Growth

Create Growth Linked Bonds

Governments, particularly those with export led growth strategies, need to anticipate future market trends.

Accelerating wage growth implies that the economy is now at a point at which increases in demand created by easier monetary policy or expansionary fiscal policy would not achieve a sustained rise in output and employment. Instead, this demand would be channeled into higher wages and prices.

If the change in GNI, expressed in United States dollars, is due solely to real economic growth, the index would be 1.0.

However, with a growth rate significantly higher than for total retail trade, the share of e commerce in total retail trade is also growing.

Whether business support should be demand or supply driven was discussed in the context of improved support service mechanisms.

The increase in the number of posts is due to the increase in peacekeeping activities.

Does Austerity Promote Economic Growth?

Higher investment in the US by both domestic and foreign companies would boost economic growth, while the resulting increase in capital 160 new businesses, factories, equipment, and research would improve productivity. That should, in turn, boost real wages over time (although the link between productivity growth and wage growth has weakened during the last two decades).