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Theory of Economic Development (Pyramids of Development)

Ahmed, Ovais and Mashkoor, Aasim (2015): Theory of Economic Development (Pyramids of Development).

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Abstract

The economic development is the term represents “long-term economic planning which based on infrastructure development, trade development and most importantly human development. These pyramids are basically interconnected with economic development. In other word, the new theoretical aspects considerable compared with prior studies of economic development. There are further factors which purposely get rid of development barriers in economic planning, secure from dissolving assets of nations such as, deforestation, flood management, land of agriculture, and climate impact. These are most fundamental variables ignored by economic planner. This research study further elaborated wealth of natural resources in the example of other Asian countries like, Malaysia and china. Moreover, human development is the skeleton of economic development. They should be keep healthy and nourish which are provided complete legal material of living standards, therefore, health of nation would be controlled and maintained. Besides, education is an essential for human development, consequently, ignorance of appropriate basic level of education can lead the nation to dark of unaware of civil society i.e. harmful for growing economy at globalize world. Human without education like stagnant of literate people in economy that deliberately useless for industrial services and repercussion economic growth.

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