Authors: Shahdad Naghshpour
Addresses: The University of Southern Mississippi, 730 East Beach Boulevard, Long Beach, MS 39560, USA
Abstract: Economic growth seems to be out of the reach of many countries in spite of all the efforts of governments, international agencies and economic theories. Investment is necessary, but not sufficient for economic growth. The debate on sufficient condition continues. The present study focuses on where the limited funds of poor countries should be invested. This study provides ample evidence in support of exports as the engine of growth. Thus, the recommendation is that the main investment efforts of a nation must be focused on the exports sector.
Keywords: engines of growth; economic development; exports; economic growth; exporting; investment; export sector.
International Journal of Trade and Global Markets, 2012 Vol.5 No.2, pp.153 - 166
Published online: 31 Dec 2014 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article