Economic Development refers to the process by which a nation’s or region’s economic well-being and quality of life are improved through efforts that promote growth and increase economic activity. It encompasses a range of strategies designed to enhance the economic capacity of a community by creating jobs, increasing incomes, and improving the overall standard of living. This can involve investing in infrastructure, supporting local businesses, attracting foreign investment, fostering entrepreneurship, and implementing policies that encourage innovation and workforce development. Economic development aims to create a sustainable economic environment that provides opportunities for all residents, facilitating social well-being along with economic growth.
The Path to Genuine Financial Inclusion Significant strides have been made in achieving financial inclusion worldwide, with access to financial services jumping by 50% since 2011, now reaching over 75%…