Question

What should governments at the state and local levels do to promote economic development?

Answer 1

Countries all over the have different steps that needs to be taken for growth and economic development. Countries in the developing nations genre, need to focus on reduction of corruption, while countries like USA in the developed nations clan, need to focus on health of its people. Hence, there is not uniform single formula for all nations alike. But, there are a few parameters, which if worked upon, would lead to growth of both, developing as well as developed nations. And that is citizen participation, in governance. The reason being citizens exactly know what is required in their region, so if we take into account the view of the citizens, that way there will be more efficient allocation of resources, and less wastage.Citizen Participation is something, which will definitely have a positive impact on the growth rate of the country, irrespective of the type of the country (developed or developing).