Developing nations need to understand the significance of economic growth and sustainable development. More than anything else, humans rely on economic growth and sustainable development for their continued existence. In developing countries, this process becomes much more important. Unfortunately, many people in the developed world think of economic growth and sustainable development as separate concepts. People believe that poor countries should emulate the practices of wealthy countries in order to achieve prosperity.
The reality is that economic development is not just about making more money or becoming wealthier. It has to do with the well being of human beings and the quality of life they are able to enjoy. In the context of sustainable development, people are thinking not only about economic growth but also about the use of natural resources and how these resources can be used best to promote economic growth and development. They are focused on achieving equality and social justice.
Sustainable development refers to policies and strategies that aim to eliminate poverty, prevent environmental degradation and promote environmental conservation. All these processes need the collaboration of individuals, organizations and other sectors. Economic growth and sustainable development cannot be separated and poor countries do not benefit from either process if these policies and strategies are not implemented together.
Development becomes possible only when economic policies and strategies are effectively implemented. Sadly, many people blame others for their woes and become blind to the possibility that they themselves may have done something wrong. In poor countries, corruption and nepotism are rampant. Those in power may be corrupted by cash and they fail to provide the public with basic services and amenities. Those who run businesses may not be concerned about the welfare of the local people because their main concern is getting more money.
Unfortunately, economic growth and development strategies in poor countries are often ineffective. This is because people living in these regions lack the education, information and technology necessary to properly produce economic growth and development PDF. They are also deprived of jobs. As a result, there are more people in poverty than others. In such cases, development becomes a double edged sword.
If poverty is eliminated, human development occurs naturally. If poverty is eliminated, development becomes a reality. Achieving sustainable development means the promotion of economic growth and development PDF in poor communities. However, this process can be made easier if governments, civil society and other individuals work together in ensuring that the interests of the poor are met. For instance, projects can be initiated to improve the conditions of rural people so that they can access higher education, basic healthcare and employment opportunities.
Policies should be developed that enable local residents to determine how they will survive in the future. Their basic needs should be met at all times. Money should be distributed equitably. Technological advancement should be encouraged so that the community can develop knowledge and skills for . . . . . . the future. These goals can only be met through collective efforts. Therefore, budgetary allocations must be based on future projections and realistic economic assumptions.
At the local level, policies that promote sustainable development are generally directed towards economic growth and development PDF that eliminate poverty and promote better life. At the global level, policies that promote development are directed towards economic growth and development PDF that eliminate poverty and improve the lives of those who are currently poor. The difference between pursuing growth and development and pursuing poverty alleviation is the involvement of both parties at the local and global levels. Achieving sustainable development requires both collective effort and discipline at the political, economic and social levels.