Stimulating stagnant economies through accurate economic policies

This paper assumes that stagnant economies should benefit from accurate economic policies and that these policies once elaborated and effectively implemented would intensify growth rates and economic development for economies and businesses, alike. To ensure that all interested stakeholders can benefit from these policies, it is important to understand the four characteristics of the interaction between economists and policy-makers, namely vision, objectivity, realistic outlook and scientific rigor, as well as their impact on the accuracy of the economic policies. Based on these characteristics and taking into account the need for stimulation of stagnant economies through flawless economic policies, the research provides the foundation to create the added value needed to preserve society’s achievements, to promote further real development and to realistically raise its standard of living.

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