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What is Impact of Political Stability on Economy about?
Political stability is important for economic growth but it is not the only factor. While political instability can negatively impact markets and investment, stable governments do not always lead to higher growth. Some level of stability is needed for planning but too much can lead to complacency and stagnation if it prevents innovation and competition. Whether stability helps economic development depends on how it translates into good governance, rule of law and control of corruption. Vietnam and India hav
- Author
- Souman Guha
- Language
- EN