Economic Development Research Paper Example | Topics and Well Written Essays - 2500 words

Economic Development - Research Paper Example However not every policy makers and academicians have the same opinion regarding the contribution of the organization in the achievement of economic development. Thus this paper aims in studying the relation between the economic development and economic stability of a nation and the contribution of the IMF in achieving so. Meaning of economic development Economic development of a country means the process of increasing the per capita income as well as per capita output of a nation accompanied by the increase in the overall productivity and improvements in the techniques of production that will ultimately result in the increase in the well being of the overall society. There is considerable difference between economic growth and economic development of a nation though sometimes they are used synonymously. Growth of the economy of a country must precede as well as prompt the economic development of a particular nation. Therefore it can be said that economic growth accompanied by the st ructural transformation of a nation results in the economic development of the overall nation. Thus for the overall economic development of a nation, growth of the country’s economy is the necessary condition and the structural transformation forms the condition of sufficiency. ... These factors in simple words differentiate growth of an economy from the overall development of the same. Therefore for a proper definition of economic development it can be said that the structural, institutional and the qualitative changes that are needed in an society for expanding the capability and the potential of the same in the proper utilization of the scare economic resources of the country is reflected in the economic development of the country. The structural transformation if an economy imply the overall growth of the Gross Domestic Product of an economy contributed by the productive increase of the primary , the secondary and the tertiary sector of the economy and the relative contribution of each sector in the country’s total GDP. Moreover the degree of openness of an economy and the country’s dependence on foreign trade also encompasses the economic structure of the country. Therefore for development of an economy there is the requirement of a positive change in each of these variables with a long term impact on the economy that is fundamental. These changes in the structure of the economy is in need of changing, more specifically improving the poverty level of the country for the achievement of economic development. In case of economic development the increase in the economic well being of an individual as well as the society as a whole gets reflected in the changes in the living conditions of the society people with improved nutrition, improved health, improved housing facilities along with betterment in the education structure of the society that will impact on an overall upliftment of the society with flavors of metropolis.

Essay 1 Example | Topics and Well Written Essays - 1000 words - 10

1 - Essay Example Today, my community regards me as a better soccer player. I can trace my perfection in soccer to good mentorship, talent, and consistent practice. This narrative will demonstrate just how mentorship, talent, exposure, and practice can cause a player to become a better soccer player. My parents and I realized my talent and interest in soccer at the most crucial time that allowed for dedicated training, support, and perfection of my skills. My parents usually narrate to me how I had immense love for soccer balls at a tender age, which played a major part in convincing them that I may have a talent and interest in soccer. My parents bought me several soccer balls and I would even try to make some using polythene papers. At two years of age, I was already gazing a pictures of people playing soccer and kicking balls in my room where soccer balls were some of the toys that I loved. While I was joining kindergarten my parents informed my teachers about my love for soccer where the teachers helped me to nature my talent from an early age. When I gained the capacity to read, I demonstrated my interest in soccer by reading soccer magazines and identifying with popular soccer players. My colleagues at the elementary school nicknamed me Ronaldo. I zeroed in on captivating soccer pullouts, hung magazines, and newspaper cuttings related to soccer in my small room. My parents supported my quest by buying me soccer magazines. With time, I started practicing some of the soccer skills defined in the soccer magazines. The soccer magazines enhanced my knowledge on playing skills, soccer literacy, and detailed information on soccer as a professional sport. I learnt about coaches, rules, players, levels of competition, financial benefits, physical benefits, and FIFA from the soccer magazines. I have been practicing the lessons derived from the soccer magazines in my entire life, which has helped me to perfect my soccer knowledge and skills. Ever since I realized my dream and