Economic Development

Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, safety, literacy, and other initiatives. Economic development differs from economic growth. Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP. Consequently, as economist Amartya Sen points out: “economic growth is one aspect of the process of economic development.”

Read more about Economic DevelopmentTerm, History, Social Science Research, Goals, Regional Policy, Community Competition

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Charles III William, Margrave Of Baden-Durlach - Life - Economic Development
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Stephen Wallace Taylor
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... The Secretary for Commerce and Economic Development (Chinese 商務及經濟發展局局長), head of Commerce and Economic Development Bureau of the Hong Kong Government, is responsible for promoting the ... portfolios of Secretary for Commerce, Industry and Technology and Secretary for Economic Development and Labour ...
Chernobyl Recovery And Development Programme - CRDP Achievements and Results 2003-2008
... strategy was largely based on CRDP’s experiences Since 2005 the Chernobyl Economic Development Forum initiated by CRDP effectively works as a platform for elaboration of strategies for sustainable development ... principle of “partnership between community organisations and authorities for recovery and development” successfully introduced in the region ... COs resolve important socio-economic problems in villages reconstruct water pipe-lines and provide gasification reconstruct schools, bathes, village health centers, and ambulatories create youth, public ...

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