Economic Development
Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first
We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs
Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower
We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era
Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization
Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever
They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market
poem by Asif Andalib
Submitted by Poetry Lover
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Import and Export
Import the things more the country really need
For its economic development
Such as food, raw materials for various industries
Technology, electric power and so on.
Export the things that are surplus and competitive
And whose demand is in the foreign countries.
With a view to boost export
The government should minimize export duty
And encourage the exporters
By reducing tariff on import of associated raw materials.
The government must discourage import of nonessential items
By imposing higher import duty
And encourage production of luxury items in the country.
In the modern world international trade can play a vital role
In the economic development of any country
That’s why the governments must emphasize on it evermore.
poem by Asif Andalib
Submitted by Poetry Lover
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Trade-cycle
In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle
From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market
The boom does not last long
Because
The demand for products and services
Is limited in all countries
That’s why
The governments have a vital role to play
Especially during boom
The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom
Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place
In this way
A country can achieve its goal
Without going through
Economic hard times
poem by Asif Andalib
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I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.
quote by Jon Huntsman, Jr.
Submitted by Lucian Velea
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Education
Education is the key to
Development of human resource
Development of human resource
Is the key to economic development
High demand of skilled manpower
Exists in every country
Therefore
The governments should
Emphasize on education
More than any other sector
Especially
In least developed countries
In order to meet local demand
And export manpower as well
However
In LDCs
Education for all
Is still a dream
That’s why
Governments of LDCs
Should turn this dream into reality
As soon as possible
poem by Asif Andalib
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We have in this country a federal government that increasingly is engaged in trying to determine which business, which regions, which industries will succeed, which will not through a whole range of economic development, regional development corporate subsidization programs.
quote by Stephen Harper
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The Chinese government since 1979 has been very successful in economic development, and successful enough, simply by surviving, in the realm of political development.
quote by William Kirby
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Accordingly, it is our task to ensure that the Government formulates policies that foster the continued development of the IT sector while also providing for citizens' access to technology and opportunity for economic advancement.
quote by Tim Holden
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The realization of a sustainable economic development strategy for Maine's Native American communities has always been a priority and a critical element of my administration's overall economic development strategy.
quote by John Baldacci
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Practically the only way to dry the swamp of radical Islam is through economic development and an improved standard of living.
quote by Yitzhak Rabin
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Marxists have some way of analyzing the development of affairs which enables them to judge far in advance of scientific thinkers what the trend of social and economic development is to be.
quote by John Desmond Bernal
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The Saudi government's denial of basic rights to women is not only wrong, it hurts Saudi Arabia's economic development, modernization and prosperity.
quote by Barbara Boxer
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A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.
quote by Rod Blagojevich
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The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.
quote by Douglass North
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The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.
quote by Anna Lindh
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Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.
quote by Anna Lindh
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We do not have a budget support. We are now fully independent in terms of requirements, but we still have a need for development assistance separate from the budget. So all the economic aid we receive is for development assistance.
quote by Jose Ramos Horta
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The United Nations has a critical role to play in promoting stability, security, democracy, human rights, and economic development. The UN is as relevant today as at any time in its history, but it needs reform.
quote by Chuck Hagel
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Every time economic and technical development takes a step forward, forces emerge which attempt to create political forms for what, on the economic-technical plane, has already more or less become reality.
quote by Christian Lous Lange
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We need to keep investing in economic and homeland security. We need to bank on the right kind of economic development. We need to embrace opportunities, but with the right kind of safeguards.
quote by John Baldacci
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I have always thought that the rapid economic development of South Africa would in the long run prove to be incompatible with the government's racial policies, and recent events have tended to confirm my opinion.
quote by Harry Oppenheimer
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