Question

Economic Development and Environmental Degradation. Role of Developed and Developing Countries?

Answer 1

Economic growth, in turn, is important for the prosperity and wellbeing of the economy and its citizens – in both advanced economies and in the developing world. It stimulates advances in technology, such as those that will be needed to continue decoupling consumption and production from their environmental impacts.

In general, economic development is usually the focus of federal, state, and local governments to improve our standard of living through the creation of jobs, the support of innovation and new ideas, the creation of higher wealth, and the creation of an overall better quality of life. Economic development is often defined by others based on what it is trying to accomplish. Many times these objectives include building or improving infrastructure such as roads, bridges, etc.; improving our education system through new schools; enhancing our public safety through fire and police service; or incentivizing new businesses to open a location in a community.

Economic development often is categorized into the following three major areas:

Governments working on big economic objectives such as creating jobs or growing an economy. These initiatives can be accomplished through written laws, industries' regulations, and tax incentives or collections.Programs that provide infrastructure and services such as bigger highways, community parks, new school programs and facilities, public libraries or swimming pools, new hospitals, and crime prevention initiatives.Job creation and business retention through workforce development programs to help people get the needed skills and education they need. This also includes small business development programs that are geared to help entrepreneurs get financing or network with other small businesses.

Answer 2

developing countries have many problems towards their path of development but developed countries need not worry about the problems that will be meted out to them economically developed countries will be well balanced