As a member of your corporate marketing team you are asked to compare the growth prospects of three countries.
a. What four growth factors would you identify and how might each impact your projections for future growth?
b. Saving rates differ between countries. Why might that matter?
c. Population growth patterns differ between countries. Why might there be too little population growth? Why might there be too much population growth?
d. What is the interaction between trade and growth?
e. Growth often is accompanied by change. What is the concept of creative destruction? How might we see that today in places such as China, the United States, Brazil, and Russia?
f. What do you see as the barriers to creative destruction evidenced in countries such as Greece or France in recent years?