If we wanted to single out just one factor that determines an economy’s growth prospects, that factor would certainly be investment. Decisions to invest are an expression of the process of modernization, a process that leads to better use of resources, and thus an improvement in productivity, one of the key components of economic growth. Still, at the same time it must be borne in mind that in investment processes it’s not always true that “more is better”: Investments must be healthy (they shouldn’t take on the form of a speculative bubble), and must be appropriate to the individual needs of a given economy……
The above paragraph is an introduction to my text devoted to the Europe’s growth prospects. Full text is available at: http://www.case-research.eu/en/node/59321
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