Summary

Economic growth is a major source of wealth creation at the national and international level. It elevates a nation's standard of living as well as being able to lift it out of poverty. With suitable guidance on population growth, fiscal soundness, environmentally sustainable development and resource use, an acceptable distribution of income and a constant rate of technical progress, economic growth will always have a quantitative, as well as a qualitative dimension, both of which improve general living conditions and individual growth. This book argues that a key driver of economic growth among nations or regional economic entities is an intrinsic, ongoing, perpetual and historically observable rivalry to propel a state's standing, prestige, power and economic performance through getting ahead of or not to fall too much behind its rivals in a pecking order.