Goals and Objectives of Economic Development

Massomeh Nair^*
*Correspondence: Dr. Massomeh Nair, Department of Economics, University of Houston-Victoria, Victoria, USA, Email:

Description

Economic development, the advancement where low-income and simple national economies are changed into contemporary developed economies. Even though the Economic development is frequently used as an alternative word for economic growth, usually it is employed to define a variation in a country’s economy relating qualitative as well as quantitative developments. Economic development is a first major problem after World War II. As the period of European colonialism completed, many previous associations and other countries with low income are termed underdeveloped countries, to compare their economies with the developed countries, like Canada, the United States, Western Europe, eastern European countries, the then Soviet Union, Japan, South Africa, Australia, and New Zealand. As living standards in most poor countries began to rise in following periods, they were renamed the developing countries.

The main National income goals like security, full employment, efficiency, equity, economic freedom, economic growth, and stability. The major Development goals are Fresh Water and Sanitation, Quality Education, Gender Equality, Good Health and Well-being, No Poverty, Decent Work and Economic Growth, Affordable and Clean Energy, Industry, Innovation and Infrastructure, Zero Hunger, Reducing Inequality, Sustainable. To Reduce unemployment, attain economic strength, and raise the standard of living for all People. Recall a broad community agreement about the path of economic development efforts. Reduce barriers to economic growth. Advertise information on work skills growth and available employment opportunities through electronic, print and telecommunications media. Employ highly skilled work force to recruit businesses that are suited to the region. Provide the land which is ready to develop for commercial and industrial use. Provide adequate access capacity for current and anticipated needs to strengthen, maintain, and continually upgrade technology infrastructure and systems. Provide communication, transportation, utility systems which help to support and raise quality development. Use the individuals who have more Skill and experience so, they can bring special skills and knowledge to the work force. Promote and raise the usage of alternative or renewable coal and energy sources for Vehicle marines, building operations, and manufacturing workstations. Mainly concentrating on environmentally low development business and industry in recruitment efforts. Use methods that help in reducing the traffic problems and drainage problems. Encourage improvement of existing unused, underutilized, and brownfield properties. Protect development potential of commercial and industrial places. Educate the public regarding the economic benefits of significant preservation. Promote business, labour, education, and government partnerships to solve work force development problems. Reduce the unemployment rate by providing free coaching’s, training through a variety of means and media. Promote the holiday business spot (Tourism) places. Preserve existing manufacturing companies and facilitate their expansion. Improve the industrial employment. Stop the childhood marriages and childhood labours. Become aware of additional resources which help in economic development. Try to promote End poverty in all its forms, Water and Sanitation, Gender equality and women's empowerment, Education, Health, Zero Hunger. Improve globalization which helps in decreases the cost of manufacturing, So that companies can offer goods at a lower price to consumers. Everyone should use their personal interests with skills or performance goals to achieve success at work.