Can rapid economic growth lead to an eventual economic collapse?

Question

If the growth of a countries economy outpaces the control of a government, is it possible this will lead to an economic collapse? And if so, how could this happen?

Answer 1

Yes rapid growth can lead to collapse. Rapid economic growth can be every deceptive, particular where the growth is fueled from a particular sector of the economy and where the consideration is only for the short term. for example high price of oil will fuel growth in many oil producing countries in the short term. but on the long run if this growth is not channel towards more capacity building then recession will follow fast with decline in oil revenue. An economy in my opinion is considered strong because of the number of jobs it produce and retain.

Answer 2

It depends on how the growth is started, but all economies boom and bust to develop over time. Untied States did it in 1873, 1894,1929 in earlier times. China will have its bust period, but that wont happen for another decade or two, but the economy then will be similar to president day South Korea instead of improvished like before 1978. Economic growth thru curropt and cronyism always collaspes, but it in the end it brings some benefits to the people.