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Economic Development
Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.
Whereas economic development is a policy intervention endeavor with ai ...more
Whereas economic development is a policy intervention endeavor with ai ...more
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Inter-jurisdictional competition for growth can and does lead to potentially misplaced investments - stadiums instead of schools, highways instead of health care. There is nothing intrinsic about the mark in jurisdictions that ensures that it will produce the right kind of spending, even if we knew that that spending was.
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A payment system that works only under perfect conditions does not have a strong infrastructure. It is a fragile convenience.
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― Digital Payments and the New Economy: How Cashless Innovation Is Transforming Global Finance, Inclusion, and Growth
― Digital Payments and the New Economy: How Cashless Innovation Is Transforming Global Finance, Inclusion, and Growth
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