The Political Economy of Economic Growth.

The article analyzes the political factors that supports or slows down the economic growth among advanced capitalist societies. It also aims to extract an overview of the factors that influence the growth in advanced industrial societies. The discussions in the study originated mainly in the analysis which is developed by Olson regarding economic growth. Economic growth is defined as the increase in the gross domestic product per capita over time at the constant price. The relationship of domestic political environment in a country and its wealth-creating capacity is also investigated.