Real development is about having strategies that produce tangible results with provable and transferablevalue within a given timeframe. Development happens when there is a detailed and clear vision able toturn domestic capital – whether human capital or skill and natural capital like minerals and agriculturalproduce – into commercially viable commodities for the benefit of a given group of people. The fact thatdevelopment, or the lack of it, affects people directly makes the word prone to political sloganeering.However, the economic quality of it is what separates progressive policies from populism.It is not the presence of valuable resources like oil, diamonds or copper that creates development andorganic domestic economic growth. On the contrary, what matters is the strategy adopted to link suchresources or assets to buyers, beneficiaries and custodians. In other words, citizens, investors andgovernment must be deliberately and carefully interlinked so that financial investment creates local wealthand incomes that are taxable. Many countries endowed with natural […]
SECTORAL GROWTH
