Your theme “Growth, Profitability and Regulation: The Imperatives” is sufficiently flexible, yet focused to allow me to build on the above statements. Growth as has been recorded by economic historians has always been episodic and sometimes ephemeral in many countries and regions.
Its sustainability over substantial periods of time has been limited to a relatively few countries, most of them being in the northern hemisphere. The first instance of sustained economic growth in modern times took place in the United Kingdom over the period 1760-1850. This was effected through a fundamental structural change from mercantile capitalism to industrial capitalism.