Economic growth comes from increasing the quality and quantity of the factors of production, which consist of four broad types: land, labor, capital, and entrepreneurship. There are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income. Productivity growth allows people to achieve a higher material standard of living without having to work more hours or to enjoy the same material standard of living while spending fewer hours in the paid labor force.
Our strategy and core competency lies in assembling and managing highly qualified multi-disciplinary teams and engaging with a range of public, private sector, non-governmental and citizen stakeholders for timely and quality completion of projects, TSC Global's "Economic Growth Thematic Group" is comprised of leading international Economists, with experience in driving growth at a country and regional level, business experts who have extensive practical business experience previously holding roles leading major national and international corporates around the world, and public sector experts from government Treasuries, Finance Ministries, Stock Markets and Commercial Regulators. These subject matter experts are supported by our other experts as required.
TSC Global‘s standard methodology entails building trustful relationships and helping to identify practical solutions for complex problems that our team of experienced experts may face during project preparation, and the implementation and delivery of high-quality results — often in tight deadlines.
As with any transformational process we will develop a shared understanding of what needs to be developed by identifying what each element of an overall goal can be achieved when, over what timeframe, by whom, doing what. Careful planning is required. The first Step taken in the process is as important as each of the other ones, especially as it will lay out the initial plan and approach for the transformation goal.
Our transformative process is based on:
Econmic Growth Project Examples
- Identifying and building: on the achievements of our previous work and knowledge in the area.
- Promoting broad participation: Through our research process and stakeholder engagement, we will identify the challenges, needs, hopes and aspirations of various stakeholders.
- Engaging in and maintaining quality communications: by ensuring that our consultants work in very close cooperation with each other and our counterparts.
- Ensuring the transfer of knowledge: by providing focused and informative advice and stakeholder engagement that not only address the issues but include practical means to resolve any issues arising as they happen, and in the design, and the application, for future projects.