Economic Development: The process of change in a purposeful and comprehensive management of all aspects of economic and social life of a particular community in order to transfer the community to develop economic, social and political best Defines economic development. Generally as a process that happens through which change is accompanied by a comprehensive and continuous increase in the average real income and an improvement in the distribution of income in favor of the poor and improve the quality of life and the changing structure of production goods are produced using the main elements of production ,So the difference between development and economic growth is that growth: Works to increase production and services in a limited period of time, for example, from 1 to 6 months. Developments are: change the comprehensive and complete all aspects of life, without specifying a time period. Before the 1950's more than two thirds of the humanity was poor. The problem area of the world was Asia, which had Most of the world poor India's followed economic development policies of the socialist -inspired most of its independent history , including state ownership of many sectors ; income in India in the capital increase by about 1 % annual growth rate , but in the three decades after independence . Since mid- 1980, India has slowly opened up markets through the liberalization of the economy. After more fundamental reforms since 1991 and refurbished in 2000, and India's progress towards a free market economy in late 2000, the growth rate reached 7.5 % in India, which wills double the average income in ten years. Analysts who say that if India pushed more radical market reforms, it can maintain the rate and up until 2011, the government'...
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...ccess .Government with the aim of achieving universal primary education by 2010 .The meal was introduced in the country in 2001 . All these helped to a significant increase in enrollment in primary education Schools to 94 %India and gearing up to achieve full literacy by 2030 .The study also showed that the level of learning in children miserably poor in many countries . About two-thirds of students Aged 7-14 cannot read the story at the level of grade 2, and about 40 % of them could not do basic subtraction and Division. A dropout rate in primary schools is still high. Other surprising results is that children in some countries with enrollment as high as Tamil Nadu and Karnataka have levels of learning is very bad. The situation calls for transforming politics Focus of access and enrollment in the collection and retention, to make sure that all children learn well.
Many families in India simply cannot afford to feed their kids. Children are forced to work to help their families pay for everyday essentials, including food. These children don’t have the opportunity to receive a basic education that would enable them to become successful adults. As a result, another generation of uneducated persons is created, and the vicious cycle continues.
Firstly, there is a need to understand what is meant by development. It is defined as “the continuous and positive change in the economic, social, political and cultural dimensions of the human condition, guided by the principle of freedom of choice and the limited capacity of the environment to sustain such change.” (Sharpley, 2003: 8-7). Sharpley (2000) explains how theories of development have progressed; Firstly the ‘Modernisation Theory’ (1950s- 1960s), in which societies are seen to switch from traditional to modern only through economic growth. Next is the ‘Dependency Theory’ (late 1960s), this takes into account the historical and economic structures of developing countries, distribution of benefits, social players such as local elites, state interests and private companies, and situations in which an economy and development of a country can be conditioned by a more dominant country (Santos, 1970). The ‘Neo Classical Counter Revolution theory’ (1980s) was made to fit in with global events such as the economic depression, and development policies that build upon dependence on free market. Finally, ‘Sustainable development’ (late 1980s) is the theory that creates the encouragement for development of many developing countries. This theory aided by government policies of backings, tax breaks, and incentives. These theories have developed through growing knowledge of evolving processes, and dismissal of past theories (Sharpley, 2000).
Economic development is a term that economists, politicians, and others have used frequently since the 20th Century. The concept, however, has been in existence in the West for centuries. The term refers to economic growth accompanied by changes in output distribution and economic structure. It is concerned with quality improvements, the introduction of new goods and services, risk mitigation and the dynamics of innovation and entrepreneurship.
There are at least four different research perspectives about the relationship between development and economic growth. Firstly, economic growth is the basis for social development. Secondly, economic growth and social development are not necessarily linked. Thirdly, both economic growth and social development are not basic causes by each other, but they depend on interaction. Fourthly, social development is the prerequisite for economic growth (Mazumdar. 1...
different parts of the world. In India, there is a great diversity which exists in the socio- economic and regional backwardness.
Economic development is fundamentally about enhancing the factors of productive capacity, such as land, labor, capital, and technology, of a national, state, or local economy, as stated by the U.S. Economic Development Administration. Economic development influences growth and restructuring of an economy to enhance economic well-being. We experience economic growth when our standard of living is rising. Rather than being a simplistic process, economic development typically is a range of influences aimed at achieving objectives like creating jobs and wealth and improving the quality of life. It incorporates coordinated initiatives targeted at expanding infrastructure and increasing the volume and/or quality of goods and services produced by a community. A common measure of economic development is a country’s gross national ...
It is natural to be misled by the idea that economic growth is the key
It is noticeable that the system of education is changing from time to time based on financial issues and how the world is growing. In the past, individuals taught the education system from the oldest member of the family to children, and their members were charging fees from the families that sent their children to them. Which meant that education was an important thing in all ages. Nowadays, the education is shaped to an official system run by professional people in governments and many countries invest high amounts towards education which makes evidence of how important it is in our current life. Every country has a different system of education based on their financial stability, government infrastructure and the standard of the government officials. It is noticeable that there is a big difference between the education in developing countries and the prevailing system in developed countries .In my essay I will discuss some reasons for these differences...
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
Pakistan has all the major ingredients necessary to become a developed nation; it has a geo-strategic location, a generous availability of natural resources and a large population in the working age. Despite having the potential to turn itself into a developed country, Pakistan has not been able to fulfill its potential.
in relation to development. Development is explained by the Oxford Dictionary as the process of developing or developed in a specified state of growth or advancement. Underdeveloped as according to the Oxford Dictionary is ‘not fully developed or not advanced economically’ which is meant for a country or a region. We can certainly see the difference between underdeveloped and developed where the changing situation emerges from the economic point of view. To be more specific, worlds within world were created i.e. the nomenclature of First World and Third World came into picture. The First World is said to be the industrialised, capitalist countries of Western Europe, North America, Japan, Australia, and New Zealand who are developed (as explained in the definition). The Third World includes the developing countries of- Asia, Africa and Latin America who are still in the mode of developing. Normally we understand the situation of underdevelopment is because the third world was under the colonies or the colonial rule for a certain period of time and lags behind the first world in every aspects like- social, economical, political, technological advancements which are yet to be seen in the third world fully like the first world. In this paper we will talk about various theorists from - Karl Marx (capitalism and class conflict), Kay and Amin (merchant capitalism, colonialism and neo-colonialism), Vladimir Lenin (imperialism), Andre Gunder Frank (third world dependency), Lipton (urban bias) and dependency theory. Here in this paper we will try to explain and understand the relevance of the various underdevelopment theories and different attributes related to it terms of the Indian Context.
The achievement of universal primary education (UPE is the second of the MDGs. It requires that every child enroll in a primary school and completes the full cycle of primary schooling. Every child in every country would need to be currently attending school for this to be achieved by 2015. Considerable progress has been made in this regard in many countries, particularly in encouraging enrolment into the first tier of schooling. Few of the world’s poorest countries have dramatically improved enrolments, restricted gender gaps and protracted opportunities for disadvantaged groups. Enrolments across South and West Asia (SWA) and sub-Saharan Africa (SSA), in particular flew by 23 percent and 51 percent respectively between 1999 and 2007. The primary education net enrolment rates (NER) increased at a much faster pace than in the 1990s and by 2007 rose at 86 percent and 73 percent respectively in these two regions. For girls, the NER rates in 2007 were a little lower at 84 percent and 71 percent respectively. The number of primary school-age children out-of school fell by 33 million at g...
Why children’s learning levels in India so far below expectations? Why do so many children fail to complete school, despite efforts to improve the quality of education? Could there be something missing from our understanding of what it will take to deliver on Education for All and the future
...-economic and ethnic conflicts that frequently surface in the region. And also, Carl Dahlman & Anuja Utz (2005) conclude that outside view of India’s concern on global scale, recognizes India’s achievements, but sees a tremendous potential that is yet to be unleashed. India-led needed process of coordination and integration of the different reforms, institutional regime and combining those in the economic with the many initiatives as it to be more functional to any significant strategy. Then, We should faces the problem of illiteracy to avoid the people is going to suffer to their life anymore as well as government of India was must be provide a all aspects of a blue plan to change the poverty, stereotype and gender inequities of peoples as enter to a new general century with growth the rate of education, increase the rate of economy and the rate of poverty dropped.