The Basics of Economic Growth and Investing in Emerging Markets

The video explores economic growth, defining it as an increase in productive capacity. It discusses factors like productivity and resource stock, using the UK as a case study. The video compares growth rates of developed and emerging economies, highlighting challenges like corruption and poor infrastructure in emerging markets. It emphasizes the investment potential in these markets and explains the virtuous cycle of growth, where increased income boosts consumer spending and business profits, leading to sustainable growth.

What are the implications of the comparative advantage of the UK in services?

How do developed economies sustain their growth compared to emerging economies?

In what ways can businesses identify opportunities in emerging markets?

What is the 'virtuous cycle of growth' mentioned in the text?