Economic rejuvenation
5716785
177750028
2007-12-13T21:59:42Z
CmdrObot
1079367
sp: acompany→accompany
'''Economic rejuvenation''', often called '''economic growth''' is a prolonged period of fast [[economic growth]] (traditionally measured in terms of the [[GDP]] growth). By some definitions, "fast" means that it is significantly faster than a potential growth as estimated by experts in [[macroeconomics]]. By others, the growth higher than 3-4% per year is a sign of rejuvenation.
The term bears positive connotations, but often there can be [[negative externalities]] that accompany growth. For example, the potential growth may cause ecological hazards, e.g.,
[[pollution]] of the environment as side-effects of fast growth.
The notion of rejuvenation is often related to the activities of [[entrepreneur]]s and their
drive to create a [[Product (business)|product]] or [[Service (economics)|service]] in order to gain [[profit]].
=Examples of Economic rejuvenation=
==PR China==
In the 1980s, the Chinese politician [[Ren Zhongyi]] was one of the pioneers of free-market economic reforms [1] in the PR China, which he presided over in the southern province of Guangdong, today an export powerhouse driving China’s extraordinary economic rejuvenation. Guangdong’s proximity to [[Hong Kong]] and [[Macau]], its long tradition of contact with foreign countries, and the experience of its people in trading are some of the supporting factors.
==Economic dynamics==
Other terms related to economic dynamics are:
*[[Business cycle]]
*[[Recession]]
*[[Stagflation]]
==References==
* [http://www.timesonline.co.uk/article/0,,60-1887424_1,00.html] Obituary in '[[The Times]]' Online about [[Ren zhongyi|Ren Zhongyi]]
[[de:Expansive Phase]]
[[Category:Macroeconomics]]
[[Category:Market trends]]