Professor Michael Todaro, economic development is an increase in living conditions, improvement of the citizens self-esteem needs and free and a just society. It can also be referred to as the qualitative and quantitative changes in an existing economy. It involves development of human capital, increase in the literacy ratio, improvement in necessary infrastructure, betterment of health and safety services etc. Economic development is a government policy to increase the economic, social welfare and ensuring
Economic Development Agencies are the key government offices responsible for economic growth, business development and industry expansion. State and city economic development agencies, departments, corporations and partnerships work independently on behalf of the government and across sectors in public-private partnerships to leverage companies, offer financial support, provide technical and grant assistance, as well as promote innovation and competitiveness. Each local economic development agency
Economic development – A regional perspective The economic reforms have positively contributed towards the nation’s development in a macro perspective. Improvement in trade relations between nations and the free movement of goods and services led to increased growth in the economy. Thus the globalisation and liberalised economic policies by different nations has gradually frayed many national and state economic institutions. Globalisation has also played a key role in industrial development and
The Influence of Innovations on the Economic Growth While analyzing impact of innovation activity on the economy as a whole, it should be emphasized that the significance of a given issue was first revealed in the 20th century. Thanks to the rapid development of technologies and globalization, which promoted industrialization and knowledge exchange, the researchers concluded that the correlation of economic growth and prosperity and the innovation activity is rather high. There are
Sustainable Development: The Interdependence between Nature and Society Goodland and Daly (1996) state that there is a unification between social, environmental and economic sustainability and the sustainable development thereof. Sustainable development can be defined as development that allows for the needs of the present generations to be met, without depleting our natural resources and thus conceding the needs of future generations (World Commission on Environment and Development). This refers
China-Pak Economic Corridor (CPEC): Economic Transformation-Challenges and Opportunities for the Local Residents Abstract China-Pakistan Economic corridor is a game-changing project between China and Pakistan. This corridor provides opportunities for economic Development to Pakistan especially to the people of Balochistan. This research paper determined the concept of CPEC in the specific context of socio-economic life of local people. It will look the positive and negative aspects of the projects
Certainly there exists a significant literature on the relationship between tourism and general economic growth, and the terminology of ‘tourism growth led hypothesis’ has become accepted within both the tourism and economic literatures. Among those studies Shan and Sun (1997) and Shan and Wilson (2001) have used econometric techniques within a Chinese context, the latter finding evidence of a re-iterative effect between tourism and trade (imports and exports) as both feed into each other. While
With the continuing rapid pace of socio-economic development, there are emerging challenges for our environmental obligations in the government's constitutional mandate to "secure ecologically balanced sustainable development, while promoting justifiable economic and social development". Periodic reporting on the State of the Environment informs our citizens and also helps the government in this mandate by identifying emerging issues and recommending effective actions. To address environmental issues
---------- Abstract: Now-a-days the topic of financial inclusion is standing as an emerging new model of economic intensification. Financial inclusion is the recent notion which helps to accomplish the sustainable progress of the country, through accessible financial services to the unreached people with the help of financial institutions. Thus it plays a vital role in economic development
Introduction Sustainable Housing (SH) underscores the importance of considering social and ecological factors, apart from economic factors in housing development. In the discourse of housing development, the implementation of SH in housing development would not only provide people with housing, but it will give a major impact on health and well-being (Ilensanmi & Ogunshakin 2010). SH also adopts the fifth principle of the United Nations’Conference Declaration for Human Environment, which states