4  Mobile payments and financial services have grown nearly five-fold from 2007 to 2010, and that growth is projected to continue at about 20 percent per year over the next four years. Javelin Strategy and Research (2010), “2010 Mobile Banking and Smartphone Forecast.”  5  Learning Point Associates (2009), “The Stock Market Game Study: Brief Report.” (164 KB PDF).
Given the skills and education of its workforce and a number of institutional factors, such as its legal structure, each economy will achieve its maximum possible average living standard. Indeed, the Group of Seven leaders, at their 1977 economic summit, identified inflation as a cause of unemployment. This had not always been the case.