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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 ...
"The most obvious and the most distinctive feature of the History of Civilisation, during the last fifty years [1837–87], is the wonderful increase of industrial production by the application of machinery, the improvement of old technical processes and the invention of new ones, accompanied by an even more remarkable development of old and new means of locomotion and intercommunication."
President Biden inherited a challenging economic and budgetary situation from President Donald Trump, due significantly to the COVID-19 pandemic.As of December 2020, the jobs level was nearly 10 million (6%) below the early 2020 peak, and the unemployment rate was an elevated 6.7%. [12]
The division of the economy into formal and informal sectors has a long heritage. Arthur Lewis in his seminal work Economic Development with Unlimited Supply of Labour, published in the 1950s, was the celebrated paradigm of development for the newly independent countries in the 1950s and 1960s. The model assumed that the unorganized sector with ...
Trade can be a key factor in economic development.The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. . Trade has been touted as an important tool in the path to development by prominent econom
Pat Wilson was appointed Commissioner of the Georgia Department of Economic Development by Governor Nathan Deal [4] in November 2016. [5] As Commissioner, he leads the state agency responsible for creating jobs and investment in Georgia through business recruitment and expansion, international trade and tourism, as well as the arts, film and music industries. [5]