It is sure, economic progress requires reconstruction and it will reduce poverty. If we promote economic policy that promotes economics, poverty will diminish. The results of reducing poverty are that when people engage in economic policy.
Economic analysis of economy might be a start to determine whether we are able to move up the economic ladder.
If we are talking about economic policy, economic disparity, unemployment, and social injustice made people more frustrated. Economic inequality stands as a major stumbling block of economic equality. We need to establish guidelines for credit allocation. More rural financial institutions are needed to mobilize.
Special funds should be designated for loans, sometimes at subsidized interest rates. Problems of unemployment can be overcome by making the mechanisms for allocation transparent and open to people review as has been pioneered. It is true, we are currently burdened with many economic problems and a deteriorating economy.
We have also failed to cope with the rise in demand for food grains. Tourism has gone down, exports have declined significantly and the industrial sector is in the doldrums. We need to learn to depend on its primary sectors and manufactured imports.
We need to understand how we can stimulate further growth in labor productivity. The efficiency and integrity of tax collection must be improved. Hospitals and schools must be established immediately. Without such infrastructure's development, the development and functioning of the private sector will be largely a failure.
The provision of cheap and reliable efficient transportation, adequate power, water management, and sanitation, to the entirety of the land-area of a nation, is the absolute precondition for successful economic growth of the private sector as a whole.
We need loans in small amounts for a variety of purposes. To make available more funds for larger investments, savings and credit facilities can help poor people. But on the other side, most development projects have been stalled and basic rural infrastructures are badly damaged. Attainment of sustainable programs, security, and economic prosperity, which largely depend on the resolution of the current economic impasse, requires consensus and commitment among all leaders.
Economic development requires economic reconstruction and appropriate mechanism to ensure higher economic growth rate. To achieve this goal, investment should increase in social sectors like education, drinking water, health, vocational training, infrastructural expansion. Creation of employment opportunities is an important factor for economic development.
As we know, unemployment, poverty, inequality, and social exclusion are at the heart of the explosive social problem.
Journalist and Story Writer Kamala B. Sarup is an editor for mediaforfreedom.com. Kamala Sarup was a regular contributor to UPI- Asia News. She is specialising in in-depth reporting and writing on democracy, freedom, anti terrorism, Women's (more...)
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