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Economic Development Versus Economic Nourishment – A False Argument
Many have argued that while economic development is important, economic nourishment is even more important, but I do not see it as one or the other. Why you ask? Well it’s simple really, because capitalism, which provides economic development also provides for the needs and desires of those who participate or are surrounding the participants. You see it is an either/or question, it is not a contest and you can have both.
Recently, a mindful college student type wrote: “This is a key essential in my mind for not only economic development but for economic nourishment.”
Sure, you want to have both and both you shall have if capitalism is practiced unabated and with a free-market regulatory mindset. Those who think they can mettle with capitalism and promote their social causes upon it will get neither the value derived from capitalism nor the promise of socialism (assuming history has ever produced a civilization where socialism did make good long-term on those promises). Read the rest of this entry »
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Rural Economic Development Tips and Strategies
The rural parts of America are a great place to live, but many communities are challenged to attract job-creating industries that will keep the younger generation from moving away. With the decline of so many of our resource-dependent jobs, such as logging, mining, farming, and fishing, there is a real need for rural community economic development work to be done.
I learned a few things while working with a number of timber-dependent rural communities during the Spotted Owl Wars of the early 1990s in Oregon and they may still be of use to those who are perhaps volunteers “in the trenches”, trying to keep their rural communities alive and healthy. I don’t like to be gloomy, but the challenges facing rural communities in a global economic slowdown would appear to be a lot worse than those my community faced in the mid-’90s.
I hope that these tips will give you some good ideas to guide you, as well as keep you from falling for some of the tricks that big-city industries (and your local sharpies) may try to pull on your community. Read the rest of this entry »
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Obstacles For Economic Development
All the nations of the world would be developed nations in the future depending upon several factors. There are variations in the economic development of the countries due to historical, economical, social, geographical, political reasons. The developed countries of the world such as the U.S.A., analysed the local conditions effectively and correctly at an early stage and thus their economic policies have been exactly suitable for their nations. Hence it could become a developed nation at an early stage.
India would have been a developed nation had it not been a colony of Britishers, and had the population growth rates minimised. India also has been spending huge amounts on defence due to internal and external strife. For instance, it has been facing the problems of terrorism both within the nation and also from other neighbouring nations. India possesses huge quantities of natural resources and also has favourable climate to grow a wide range of crops. But political and administrative corruption seem to be one of the major obstacles for India’s growth though the social and economic policies are effective on paper. For instance, the mixed economic system soon after independence and the present market oriented policies are suitable for India’s domestic economic and social conditions. Read the rest of this entry »
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