Review:
Economic Development
overall review score: 4.2
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score is between 0 and 5
Economic development is the process by which a nation improves the economic, political, and social well-being of its people through investment in infrastructure, education, healthcare, and technology.
Key Features
- Increase in GDP
- Reduction in poverty
- Improved standard of living
- Creation of job opportunities
- Expansion of infrastructure
Pros
- Higher standard of living for citizens
- Reduction in poverty levels
- Boost to overall economy
Cons
- Unequal distribution of wealth
- Potential negative impact on environment