Author(s): Quentin Lai
Governments play a pivotal role in shaping the trajectory of a nation's economic growth through the implementation of strategic policies. From fiscal and monetary policies to regulatory frameworks and investment in public goods, government actions can stimulate development, correct market failures, and create an environment conducive to long-term prosperity. This article explores the mechanisms through which government policies influence economic growth, provides global examples, and discusses the challenges of policy effectiveness in an increasingly complex and interconnected world.