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The development standard in Kerala is comparable to that of many first world nations, and is widely considered to be the highest in India at that time. [6] Despite having high standards of human development, the Kerala model ranks low in terms of industrial and economic development.
Economic development has traditionally required a growth in the gross domestic product. This model of unlimited personal and GDP growth may be over. Sustainable development may involve improvements in the quality of life for many but may necessitate a decrease in resource consumption. [62] "Growth" generally ignores the direct effect that the ...
While acknowledging the central role economic growth can potentially play in human development, poverty reduction and the achievement of the Millennium Development Goals, it is becoming widely understood amongst the development community that special efforts must be made to ensure poorer sections of society are able to participate in economic ...
David Korten claims that people-centered development is the only way to develop sustainable communities. [6] He criticized the common development practice of increased economic output through natural resource depletion. [6] Korten also advocates sustainability in the financing of development projects and the relationships of external assistance.
A key element of the emperor's new economic policy was centrally-administered development plans. [1] Between 1945 and 1957, several technical missions, including one each from the United States, the Food and Agriculture Organization of the United Nations (FAO), and Yugoslavia, prepared a series of development plans. [1]
Developmentalism is an economic theory which states that the best way for less developed economies to develop is through fostering a strong and varied internal market and imposing high tariffs on imported goods.
The United Nations defines community development as "a process where community members come together to take collective action and generate solutions to common problems." [1] It is a broad concept, applied to the practices of civic leaders, activists, involved citizens, and professionals to improve various aspects of communities, typically aiming to build stronger and more resilient local ...
Their products were of poor quality and were poor value of money. The traditional economic mainstay of the Philippine ruling elite has been export agriculture. Development strategy in the Marcos era continued to rely on this sector as a major source of income and foreign exchange, between 1962 and 1985, export crop acreage more than doubled.