give any one example of economic development in dictatorial regions
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As a concept for the public sector, economic growth is the mechanism through which the economic well-being and standard of life of a country, area or local society is enhanced according to defined goals and objectives.
Explanation:
- Institutional structures are designed to promote the free exchange of resources and products.
- It is also planned for the synchronization of international economic policies between countries in the same geographic area.
- The laws, values and norms of the administrative ability of the national entity may be increased for generating favorable trade terms.
- This may arise in the situation that regionalism aims at improving the economic growth.
Learn more about economic development:
Distinguish between economic growth and economic development and economic development
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