Economic growth is the increase in what a country produces, particularly the amount of goods and services, over time. Economic growth all over the world has exploded in the last two and a half centuries. This dramatic growth has brought unprecedented opportunity, health and happiness to people across the globe.
How did this happen and how can we continue this surge in opportunity? This brief covers how economic growth impacts society, key economic indicators that track growth, what roles the government and the private sector play, the current state of our economy, and a discussion of economic policy ideas that could enhance our nation and the world.