strategy

Developing economically

Synonyms:
Sustaining economic growth
Engendering economic well-being
Generating sustained economic growth
Developing economic base
Fostering economic growth
Nurturing economic growth
Promoting economic growth
Description:

Promoting and advancing economic growth and independence.

Implementation:

Average per capita incomes in developing countries rose 2.7% a year between 1950 and 1990. This represents the highest sustained rate if increase in history. At the regional level, Asian countries grew at an average rate of 5.2% a year in the 1970s and 7.3% in the 1980s, while growth in non-Asian developing countries decelerated from 5.6% in the 1970s to 2.8% in the 1980s. Asia was the only developing region to achieve sustained per capita income growth during the 1980s. Per capita income in developing countries fell on average in 1990 and 1991, after rising every year the previous 25 years, as a result of the fall of communism and recession in high-income countries. The most rapid economic growth rates are expected in East Asia.

Claim:

Economic policies conducive to sustained growth are among the most important measures governments can take to improve their citizens' health.

Facilitated by:
Liberalizing trade
Researching futures
Reforming tax systems
Restructuring foreign aid
Researching natural resources
Researching economic development
Monitoring world economic growth
Cultivating new employable skills
Advocating sustainable development
Intensifying existing resource use
Coordinating economic growth plans
Cooperating in economic development
Rationalizing rapid economic growth
Rechannelling expenditure on defence
Researching environmental indicators
Promoting community self-determination
Improving level of national investment
Occasioning public services development
Establishing transferable pollution rights
Flexible financing for economic development
Facilitating economic structural adjustment
Providing incentives for efficient investment
Generating new modes of economic distribution
Correcting inaccurate economic growth measures
Promoting environmentally sound economic growth
Facilitating development of job-intensive sectors
Promoting improved resource flows to the poorest countries
Strengthening private sector's potential to create new jobs
Integrating humanitarian issues and sustainable development
Promoting appropriate investment in research and development
Exploiting differential economic performance among countries
Assessing links between demographic factors and sustainability
Enhancing political sustainability of structural adjustment policies
Improving institutional mechanisms for cost-effective debt negotiation
Researching role of non-governmental organizations in international environmental governance
Providing a supportive international and national economic climate for sustained economic growth
Type Classification:
C: Cross-sectoral strategies
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic Growth