What Are the Main Drivers of Economic Growth in Developing Nations?
What is economic growth? How do we measure economic growth? What drives developing nations toward sustainable economic growth? Economic growth is a cornerstone of national progress, driving poverty alleviation, enhanced living standards, and global competitiveness. This blog explores the multifaceted drivers of growth in developing nations, from natural resources to human capital, infrastructure, and political […]
How Do Changes in Interest Rates Through Monetary Policy Impact Household Savings and Loans?
Who controls interest rates? How do interest rates work? How do rising or falling interest rates influence household savings and loans? Interest rates, determined by central banks like the Federal Reserve, act as the “price” of money, influencing everything from savings returns to the cost of loans. This blog explores the mechanisms of monetary policy […]