global-growth

Vocabulary Word

Definition

'Global growth' refers to the increase of something – businesses, revenues, populations – all over the world. It's like watching a tree grow in many directions, but in this case it's the economy.

Examples in Different Contexts

In economic development, 'global growth' refers to the increase in economic output and prosperity on a worldwide scale. An economist might say, 'Sustained global growth is essential for reducing poverty and improving living standards around the world.'

Practice Scenarios

Public-Policy

Scenario:

Trade agreements have a substantial impact on economic development. We should consider their long-term effects.

Response:

Right. We need to understand how these agreements will impact global growth in the long run.

Academics

Scenario:

We need to examine important economic trends for our research, taking into account varying growth rates globally.

Response:

I agree. For a holistic understanding, our research should factor in global growth variations.