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Solutions to solve Economic Problem in the Caribbean
Technical assistance from the more developed countries to the less developed countries can provide skilled managerial, administrative, technical personnel and provision of technical research facilities for the less developed countries and there would also be an improvement in the countries’ finances at the same time as strengthening the economic system of the country.
The minister of agriculture can create community agricultural programs to encourage local farming and the people of the country can also encourage the use of local farmland for farming by purchasing locally grown foods at local food markets. Every money spent on locally grown food goes back to the country to improve the economic system.
Brain Drain can be prevented by improving the basic structure of the education system, the government also needs to ensure that there are good employment facilities for students by encouraging domestic and international investment in manufacturing, research and development.
The government can encourage them by not only offering them good jobs but also giving them a good salary.
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What are the objectives of caricom?
to improve economic development by free trade
How did Darius improve economic life in the Persian Empire?
Darius improved economic life in the Persian empire by encouraging the development of a money economy
How might failure improve transportation have affected the economic and social development of the nation?
Amercians do not have the ability to work
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the objectives of caricom?
to improve economic development by free trade
How agriculture can improve national econoy?
agriculture can improve national economy by forcasting on how the economic development of that nation is,
How did Darius improve economic life in the Persian Empire?
Darius improved economic life in the Persian empire by encouraging the development of a money economy
What are some ways that C ountrys can work to increase their level of development?
Countries can increase their level of development by investing in education to improve literacy and skills, promoting economic policies that encourage innovation and entrepreneurship, and investing in infrastructure such as roads, energy, and telecommunications to facilitate economic growth. Additionally, promoting good governance, reducing corruption, and ensuring political stability can also contribute to development.
How might failure improve transportation have affected the economic and social development of the nation?
Amercians do not have the ability to work
How does economics help to improve the world?
it is really that, when you be educated it contributes to increase in literacy rate which contributes to economic development
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
Is remittance is helpful in economy development?
Remittances provide the catalyst for financial market and monetary policy development in developing countries. remittances improve credit constraints on the poor, improve the allocation of capital, substitute for the lack of financial development, and thus accelerate economic growth.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What does OECD stand for?
OECD stands for, the Organization for Economic Cooperation and Development OECD is an acronym for Organization for Economic Cooperation and Development. OECD is a group of 30 countries that are considered "developed". They promote policies that will improve the economic and social well being of people all around the world.
Compare and contrast the ways in which tobacco and sugar affected the social and economic development of Colonial America?
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Definition of development finance?
Development finance can be broadly defined as - Using scarce capital in often inovative and untraditional ways to spur economic activity.
