No longer are they seen as single entities to trade with and provide with technical assistance through bilateral agreements, but as an area in which to promote the start of a process of faster growth through institutional and economic reforms and the coordination of private and public investment.
The greater the number of people in the labour force, and the greater the time that they spend at work each week, the greater the output that can be produced without triggering inflation. And the higher the level of investment in machinery, equipment, and structures, again, the greater the output that can be generated without leading to inflation.