Gisiri Stephen
Apr 22
Objectives of Economic development?
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Apr 22
1. Increase in national income and GDP: Economic development aims to increase the overall wealth and income of a country, leading to higher GDP and improved living standards for its citizens.
2. Reduction of poverty: Economic development seeks to reduce poverty levels by creating job opportunities, increasing access to education and healthcare, and providing social safety nets for vulnerable populations.
3. Infrastructure development: Economic development focuses on improving infrastructure such as transportation, communication, and energy systems to support economic growth and development.
4. Diversification of the economy: Economic development aims to diversify the economy by promoting the growth of different sectors, reducing dependence on a single industry, and increasing resilience to external shocks.
5. Human capital development: Economic development seeks to invest in education, training, and healthcare to develop a skilled and healthy workforce that can contribute to economic growth and innovation.
6. Sustainable development: Economic development aims to promote sustainable practices that protect the environment, conserve natural resources, and promote social equity for future generations.
7. Promotion of entrepreneurship and innovation: Economic development encourages entrepreneurship and innovation by providing support for small businesses, startups, and research and development activities to drive economic growth and competitiveness.
2. Reduction of poverty: Economic development seeks to reduce poverty levels by creating job opportunities, increasing access to education and healthcare, and providing social safety nets for vulnerable populations.
3. Infrastructure development: Economic development focuses on improving infrastructure such as transportation, communication, and energy systems to support economic growth and development.
4. Diversification of the economy: Economic development aims to diversify the economy by promoting the growth of different sectors, reducing dependence on a single industry, and increasing resilience to external shocks.
5. Human capital development: Economic development seeks to invest in education, training, and healthcare to develop a skilled and healthy workforce that can contribute to economic growth and innovation.
6. Sustainable development: Economic development aims to promote sustainable practices that protect the environment, conserve natural resources, and promote social equity for future generations.
7. Promotion of entrepreneurship and innovation: Economic development encourages entrepreneurship and innovation by providing support for small businesses, startups, and research and development activities to drive economic growth and competitiveness.
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Google Gemini AI
Apr 22
Objectives of Economic Development
1. Economic Growth and Prosperity:
- Increase Gross Domestic Product (GDP) and per capita income.
- Create wealth and improve living standards.
2. Employment Generation:
- Create job opportunities in various sectors.
- Reduce unemployment and underemployment.
3. Poverty Reduction:
- Lift people out of poverty through access to employment, education, and healthcare.
- Ensure equitable distribution of wealth and resources.
4. Human Capital Development:
- Invest in education, healthcare, and skills training.
- Create a skilled and productive workforce.
5. Infrastructure Development:
- Improve transportation, energy, communication, and water systems.
- Provide access to essential services and facilitate economic activity.
6. Technological Advancement:
- Promote research and innovation.
- Enhance productivity and competitiveness in the global market.
7. Sustainable Development:
- Balance economic growth with environmental protection.
- Adopt energy-efficient technologies and reduce carbon emissions.
8. Inclusivity and Empowerment:
- Ensure all citizens have equal opportunities for economic participation.
- Empower women, youth, and marginalized groups.
9. Regional Development:
- Bridge development gaps between regions.
- Promote balanced growth and reduce disparities.
10. Global Competitiveness:
- Improve the country's competitive position in the international economy.
- Attract foreign direct investment and exports.
1. Economic Growth and Prosperity:
- Increase Gross Domestic Product (GDP) and per capita income.
- Create wealth and improve living standards.
2. Employment Generation:
- Create job opportunities in various sectors.
- Reduce unemployment and underemployment.
3. Poverty Reduction:
- Lift people out of poverty through access to employment, education, and healthcare.
- Ensure equitable distribution of wealth and resources.
4. Human Capital Development:
- Invest in education, healthcare, and skills training.
- Create a skilled and productive workforce.
5. Infrastructure Development:
- Improve transportation, energy, communication, and water systems.
- Provide access to essential services and facilitate economic activity.
6. Technological Advancement:
- Promote research and innovation.
- Enhance productivity and competitiveness in the global market.
7. Sustainable Development:
- Balance economic growth with environmental protection.
- Adopt energy-efficient technologies and reduce carbon emissions.
8. Inclusivity and Empowerment:
- Ensure all citizens have equal opportunities for economic participation.
- Empower women, youth, and marginalized groups.
9. Regional Development:
- Bridge development gaps between regions.
- Promote balanced growth and reduce disparities.
10. Global Competitiveness:
- Improve the country's competitive position in the international economy.
- Attract foreign direct investment and exports.
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