how can resources contribute to the development of a region
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The term economic development refers to the kind of advancement made by a particular economy, both qualitatively as well as quantitatively, in a given period of time. Economic growth in terms of rise in market productivity as well as in the overall GDP is an important aspect of economic development, alongside many others. But, the ultimate aim of development of any economy across the world is to ensure the economic and social well-being of the people. There are numerous players determining the economic development of a country or region, the most important of which, alongside the physical capital, is its human capital, or in simple terms, the manpower resources. Apart from these two, economists from across the globe have acknowledged the vital role that is played in the economic development by, what they term as the natural capital, or what we, in simple terms, may refer to as natural resources.
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The future of development lies in the hands of millions of citizens. It's a bold statement by Rakesh Rajani, founder of Twaweza, who was in London for the debate on the future of aid organised by the Overseas Development Institute. Only two years old, Twaweza, which means "we can make it happen" in Swahili, is attempting to do just that across three east African countries, Tanzania, Kenya and Uganda.
Rajani's strategy is to spread information, believing that crucial to the process of development is access to ideas. Twaweza focuses on what it believes are the five main routes for people to hear new ideas in the region: religion; mobile phones; mass media, in particular radio; fast-moving consumer goods; and teachers. Twaweza builds partnerships in all these areas to spread ideas, draw in new voices and open up conversations. It works rather like a venture fund, initiating ideas and getting new organisations off the ground. Rajani cites Amartya Sen's comment that poverty is not about a lack of money, but about a lack of options. His aim is to find new ways to intervene in people's lives to widen their options.
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Rajani's strategy is to spread information, believing that crucial to the process of development is access to ideas. Twaweza focuses on what it believes are the five main routes for people to hear new ideas in the region: religion; mobile phones; mass media, in particular radio; fast-moving consumer goods; and teachers. Twaweza builds partnerships in all these areas to spread ideas, draw in new voices and open up conversations. It works rather like a venture fund, initiating ideas and getting new organisations off the ground. Rajani cites Amartya Sen's comment that poverty is not about a lack of money, but about a lack of options. His aim is to find new ways to intervene in people's lives to widen their options.
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