Economic growth and development – fundamentally connected development with the intensification of the factors of the productive capacity of the national economy – the country, labor, capital and time technology. In a wider sense, economic development is a steady increase in the standard of living, which implies an increase in the perpicuous income, better education and health and protection of the environment. The dynamics of economic development is often influenced by public policies, institutions, investment in infrastructure, tax and regulatory policies, the development of education and other components of the economic environment, which, more recently, are epithomized in the term “business climate”, which contains Cost and non-terror factors. The theory of development seeks to respond as well why economies differ differently in time. Classical Theory of Development (Smithch, Marge, Schamepter, Lesis) has multidimensional, historical viewing of development resources, technical knowledge, social, institutional and political structures. The central current of post-war theory (Solunj, Meave), and especially since the eighties of the last century (Romer, Lucas, Barro), strives to be monoccasal and suggests synthesis in uniodimensional solutions. In the simplest models, the growth rate as variable is a derivative of time. The notion of economic growth implies the increase in material wealth. Usually, it is measured with the annual growth rate of the real (without inflation) gross social product (BOP). The theory of economic growth is more concerned about the potential product, that is, the product of “full employment”, rather than the growth of aggregate demand or the aggregate product. Separate authors (Kindleöberger) Economic development as growth plus structural changes. Macedonia before the Second World War was a typically underdeveloped agrarian country in which three quarters of the total population lived from agriculture. In the postwar years, within the SFRY, SR Macedonia registered dynamic economic factors caused a further decline in growth. The fall was drastic in the first half of the nineties; 1990 (-9.9%), 1991 (-7%), 1992 (-8%) and 1993 (-9.1%) and somewhat milder 1994 (-1.8%) and 1995 (-1.2% ). Rate growth of real GDP 1996 1.2.: Republic Statistical Office, the development of SR Macedonia 1945-1984; EBRD, Transport Transport, 2005. Lit.: Goce Petreski, Economic Growth and Development, Skopje, 2002. Mr. Five.
Original article in Macedonian language Cyrillic alphabet
Кириличен напис ЕКОНОМСКИ РАСТ И РАЗВОЈ