Alain Blanchard

This conversation is closed.

What is the most effective way to stimulate growth in developing nations?

Poverty, Education, Healthcare, Business, Government & Corruption, Employment, Finance, Environment, Social Justice.

Economic policy is created to assess these areas to stimulate economic development. Many developing countries have slow economic growth due to deficiencies in the above mentioned areas.

For many years, governments, NGOs, multinationals, and non-profits have sought out methods and formulas for tackling core issues in developing nations.

However, the concept of growth is also a contentious field. Is growth purely economic? Or is it also technological? Welfare or Wellbeing? It's up to you to decide!

In your opinion, what is the best way to stimulate growth in developing nations?

  • thumb
    Jul 23 2012: A political system that is free of corruption and injustice; education of citizens for the development of various sectors of the economy; investments by multinationals, and government support for small-scale industries.

    And not forgetting a free press.
  • thumb
    Jul 23 2012: The best way has been proven to be sweat shops.
    • thumb
      Jul 23 2012: you really want to receive artillery fire from all directions, don't you? :)
      • thumb
        Jul 23 2012: The best they have been able to achieve has been a flesh wound, and you have to admit it is quite amusing?
  • thumb
    Jul 24 2012: To stimulate growth in developing countries it is necessary for governments to invest in infrastructure. It is only with adequate infrastructure that a country will develop since power, water, transport etc will form the building blocks to growth. After that, it is the turn of entrepreneurs to form businesses in order to make and sell things. The infrastructure projects will provide some local employment and the businesses will provide employment which will enable the employees to buy things from other businesses which in turn allows those businesses to grow. China is an interesting model as the population has gradually gravitated to cities where jobs have been created and tremendous growth has been seen.

    At the end of the day, growth is a factor of manufacturing and selling things to people who may or may not really need them. It is also interesting to see that growth is fuelled by demand. Take away the demand and growth stalls and we end up in recession!
  • thumb
    Jul 23 2012: IN MY VIEW:
    Growth comes only after basic necessity are fulfilled. My teacher once told me that a nation stricken by hunger and poverty has least chance of gaining progress in culture, intellectuality or even self steam. Stimulating growth or even interesting them for such abstract issues are possible only when they are capable to fulfill their basic necessity. We must share, teach or even develop technology suitable for their adverse environment to make them free from their daily routine so that they have time to learn and be inspired.
  • thumb
    Jul 23 2012: Establish an amendable, constitutionally based, government with exercise of power controlled by the expressed will of the people via elected representatives. Think locally. Act locally. Establish law making and enforcement to promote tranquility and fairness to all who do not act contrary to the cause of peace and prosperity. Control immigration to promote prosperity and tranquility. Restrict religions whose doctrines and practices are detrimental to tranquility. Private sector focused on domestic production and distribution of essentials for profit. Minimal government regulation. Forget exporting and importing. High priority to promote development of agriculture, textiles, construction and infrastructure. Eliminate illiteracy. Establish a free press. Provide public assistance via temporary work programs providing essential products and services.