March 24, 2013

The Three Objectives of Development

While reviewing my book in Economic Development written by Todoro and Smith (2005), I encountered the three objectives of Development; I am quoting them for your reference:

1. "To increase the availability and widen the distribution of basic life-sustaining goods such as food, shelter, health, and protection."

2. "To raise levels of living, including, in addition to higher incomes, the provision of more jobs, better education, and greater attention to cultural and human values, all of which will serve not only to enhance material well-being but also to generate greater individual and national self-esteem."

3. "To expand the range of economic and social choices available to individual and nations by freeing them from servitude and dependence not only in relation to other people and nation-states but also to the forces of ignorance and human misery."

These three objectives of development are very important reminders of what should be worked by the government and private sector. These remind me that everyone have their roles to play in the development of our country. Let us strive to improve our lives and be good citizens. Cheers!

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