Why Is Liechtenstein GDP Per Capita So High?

From Agricultural Roots to an Export-Oriented Manufacturing Sector and a Financial Center in Economic History For centuries, Liechtenstein was a small, isolated country whose economy was based on its small agricultural sector and limited textile manufacture. Following WWII, however, Liechtenstein transformed itself from a largely agricultural state to a highly developed, export-oriented industrial nation with

Why Is Liechtenstein GDP Per Capita So High? Read More »

Why Does Inflation Increase With Economic Growth?

Inflation is defined as a steady increase in prices. Economic expansion is frequently the source of a substantial price increase / higher inflation rate. However, there are times when inflation can occur despite slow or negative economic development. Inflation caused by economic growth In most cases, robust economic development leads to rising inflation. We can

Why Does Inflation Increase With Economic Growth? Read More »