Why Some Nations Prosper While Others Lag Behind: The Economics of Growth - CEOWORLD magazine

The Economics of Growth

The question of why some nations prosper while others lag behind is one of the oldest and most consequential in economics.

The answer holds the key to human progress, as decoding the secret to prosperity could change the quality of life for billions almost overnight.

The Sveriges Riksbank Prize in Economic Sciences

This year's prize, often referred to as the Nobel Prize in Economics, honors three scholars: Philippe Aghion, Peter Howitt, and Joel Mokyr.

Their pioneering research reshaped our understanding of what drives long-term growth.

From Stagnation to Sustained Growth

For most of human history, stagnation was the norm, with output barely growing and living standards hovering near subsistence.

Their collective work offers a blueprint for action, showing how nations can foster innovation, unlock productivity, and sustainably improve living standards.

Author's summary: Exploring the economics of growth and prosperity.

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CEOWORLD magazine CEOWORLD magazine — 2025-10-15

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