Promoting Growth and Development in a Country – By Dr. Gnana Sankaralingam There are several policies to improve economic growth and development in a country. Different strategies adopted in promotion of growth and development are: aid and debt relief, structural changes in agricultural, industrial and tourism sectors and policies that favour either interventionist approach or market orientated approach. Since all developing countries are different, each would need a particular mix of policies and strategies probably involving both state and markets. But there is no gurantee that what worked in one country will be successful in another. Development often means changing the structure of econmy (balance between primary, secondary and tertiary sectors). Less developed countries have a large primary sector. As economies grow and develop, secondary sector will grow and if the process continues it will be dominated by tertiary sector as in developed states. Aid means transferring of resources from ...
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Promoting Growth and Development in a Country – By Dr. Gnana Sankaralingam There are several policies to improve economic growth and development in a country. Different strategies adopted in promotion of growth and development are: aid and debt relief, structural changes in agricultural, industrial and tourism sectors and policies that favour either interventionist approach or market orientated approach. Since all developing countries are different, each would need a particular mix of policies and strategies probably involving both state and markets. But there is no gurantee that what worked in one country will be successful in another. Development often means changing the structure of econmy (balance between primary, secondary and tertiary sectors). Less developed countries have a large primary sector. As economies grow and develop, secondary sector will grow and if the process continues it will be dominated by tertiary sector as in developed states. Aid means transferring of resources from ...
