The growth policies have to be pro-development and needs to be integrated into global trade practices.
The relation between economic growth and social progress represents a key to the development. In the current globalised world, economic growth is a fundamental requirement for the development of a country.
An economic growth is not a means to an end itself but it is designed to serve people, promote development and reduce disparity of income.
Therefore, creating jobs and incomes is crucial for development. The growth policies have to be pro-development and needs to be integrated into global trade practices.
A well-directed and structured economic reform would certainly attract foreign direct investment that would facilitate in creating employment opportunities for local talent.
Along with growth reforms, investment in innovations and technologies would also contribute to economic growth and employment.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
Also Read:
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- What Is Capitalism?
- What is Socialism?
- What is Free Enterprise?
- What is Third World?
- What is the Fourth World?
- What is Sustainable Economic Growth?
- What is Inclusive Growth?
- What is Industrialisation?
- What are the Effects of Industrial Revolution in India?
- What is Industry?
- What is Business?
- What is a Business Organisation?
- What is Corporate?
- What is a Startup?
- Who are the Stakeholder?
- What is a Multinational Corporation?
- What is Competitive Advantage?
- What is Foreign Investment?
- What is Economic Reform?
- What is Industrial Reform?
- How are the Reforms and Fiscal Policies Linked?
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