economic growth summary

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Below is the article summary. For the full article, see economic growth.

economic growth, Process by which a nation’s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country’s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or “real GDP”). Other measures (e.g., national income per capita, consumption per capita) are also used. The rate of economic growth is influenced by natural resources, human resources, capital resources, and technological development in the economy along with institutional structure and stability. Other factors include the level of world economic activity and the terms of trade. See also economic development.

Atlantic Charter Summary

Atlantic Charter, joint declaration issued on August 14, 1941, during World War II, by the British prime minister, Winston Churchill, and Pres. Franklin D. Roosevelt of the still nonbelligerent United States, after four days of conferences aboard warships anchored at Placentia Bay, off the coast of

ASEAN Summary

ASEAN, international organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in 1967 to accelerate economic growth, social progress, and cultural development and to promote peace and security in Southeast Asia. Brunei joined in 1984, followed by

Flag of the Organization of American States.

Organization of American States Summary

Organization of American States (OAS), organization formed to promote economic, military, and cultural cooperation among its members, which include almost all of the independent states of the Western Hemisphere. The OAS’s main goals are to prevent any outside state’s intervention in the Western

European Union Summary

European Union (EU), international organization comprising 27 European countries and governing common economic, social, and security policies. Originally confined to western Europe, the EU undertook a robust expansion into central and eastern Europe in the early 21st century. The EU’s members are