strategy

Developing economically

Synonyms:
Sustaining economic growth
Engendering economic well-being
Generating sustained economic growth
Fostering economic development
Developing economic base
Undertaking economic development
Raising economic development
Fostering economic growth
Nurturing economic growth
Promoting economic growth
Description:
Promoting and advancing economic development 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:
1. Economic policies conducive to sustained growth are among the most important measures governments can take to improve their citizens' health.

2. Although some neo-liberals and neo-conservative and most libertarians continue to believe that healthy economies create vibrant communities, in fact the reverse is more often the case. A strong community is a prerequisite for creating a healthy economy because it alone produces social trust. Where the third sector is weak, capitalist markets are more precarious and less successful. This was discovered by foreign businesses after the fall of the Soviet empire. The communists had eliminated the third sector, the many cultural institutions that create social trust and allow markets to function. The result was that foreign companies wishing to establish trade found that business agreements were difficult, even impossible, to arrange and that commercial contracts were often unenforceable.

3. Failing a reorientation of the development strategy, the question arises whether growth in the third world can be sustained in the face of a deteriorating environment. The answer is that aggregate rates of growth probably can be sustained. Environmental deterioration has not in general reached such a point that it will bring growth to a halt or even reduce the rate of growth markedly, but it definitely is costly and represents a misallocation of scarce resources. In some countries, however - for instance, those which run the risk of exhausting usable supplies of water environmental constraints may affect the rate of growth. But that is not likely to occur in many countries. The more immediate danger is that, if environmental deterioration continues, it may be impossible to sustain the income of the poor. While development on average proceeds, the poorest sections of the community might be faced with falling incomes, and consequently, greater pressure upon those parts of the physical environment to which they have access and, finally, still lower incomes in subsequent periods. A vicious spiral of environmental degradation and falling income for the poor is certainly possible.

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
Subjects:
Living conditions
Economic
Sustainable development
Type Classification:
C: Cross-sectoral strategies