A vital aspect of economic, social, and political tuning is development. It bolsters the performance of a nation in the international market and attracts able investors. Associated with the positive aspect is an improvement in financial standing and aperture of a country, thereby ricocheting in other sectors as a ripple effect is felt. All nations seek ideal development to improve the welfare of their citizens. Many development goals can be achieved without rapid growth. It is true that development is a means and not an end because its goal is the overall increase in human well-being, both social and economic.
In achieving a set out objective, an entity must lay down clear-cut rules and regulations that act as a guide. It is the laws that ensure an effective transition from poor to proper performance. According to Dreze and Sen, they emphasize on social policies such as freedom and opportunities, education and health, governance, market bolstering, and corporate action. Liberty provides incentives for the society to transact, invest, and make improvements. Globalization has taken effect which has immensely contributed to the growth and development of nations, a significant contributor to the strides made is the unrestricted opening of boarders to international trade. Opportunities created such as on employment front and ease of doing business bolsters financial standing.
Education and health are vital ‘enabling’ factors. The tools sharpen the freedoms of an individual as they are a source of empowerment. Intrinsic value is derived from being educated. A healthy nation also represents an able people to drive the development agenda forward. It is critical to demand effective radical changes in social programs such as basic education resulting in impactful economic reforms. The governing agencies are responsible for redistribution of resources. A conundrum exists given all sectors require revenue to operate efficiently, however some are ahead whereas others are crippled. Ideal governance exhibits proper redistribution of revenue. Dreze & Sean opine that “a failure may arise from not doing something that would have harmful consequences, or from not doing something that would have to be done for good results.” Market-complementary and market-excluding interventions are handy incentives of regeneration and recreation improving purchasing power. Market behavior of a nation dictates its standing compared to the compatriots. Unity is strength, corporation strengthens bargaining power and trade. The resultant effect of corporate action is improvement on welfare as corporation strengthens aspects such as currency.
The authors and the UN’s Millennial Development Goals emphasize aspiration such as eradication of extreme poverty, achieving universal primary education, improving maternal health, and ensuring environmental sustainability. Poverty slows down the economic performance of a nation. Development seeks to eliminate the vice through empowering citizens with earning avenues. Literacy is recognized as a significant tool of self-defense in the society tagged to diverse social interactions. Mortality is an emphasized goal as sustainable growth is an energetic workforce. Health is therefore key and at the forefront is maternal health. The authors and the entity recognize environmental sustainability, a critical aspect of the new generation concerned with derailing conditions that may result in negative effects.
Social policies dictate the economic, social, and political direction taken by the society. Ideal policies are those in line with development such as good governance, proper education and health, opportunities and liberty, and market sustainability. The effect of the factors include empowerment thus improving social standing. Consequently, assisting in achieving vital goals such as ensuring environmental sustainability, health and education improvement.
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