Global economy

What is Economic Development?

Posted on May 20, 2014 | in World Economy | by
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No single definition incorporates all of the different strands of economic development. Typically economic  development can be described in terms of objectives. These are most commonly described as the creation of jobs and wealth, and the improvement of quality of life.

Economic development can also be described as a process that  influences growth and restructuring of an economy to enhance the economic well being of a community.

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