Development is a process that involves improving the functioning of a society in several areas. This improvement can take place in a variety of ways and at different speeds.
Resources: Physical, Social and Mental
A country’s capacity for development is shaped by the availability of resources that are needed to conduct complex activities and systems. These resources include land, water, minerals and oil as well as knowledge, information and technology.
Human Resources: Energy, skill and capacities
The ability of people to work together and direct their society’s progress is another factor that determines whether a country’s capacity for development can be increased. The capacity of a nation to develop can be further restricted by social, cultural and political issues.
Developing communities is an important aspect of development because it gives people the opportunity to improve their lives and the community as a whole. This includes increasing education, health and economic opportunities in the area and providing infrastructure to support these developments.
International Trade Models:
In recent years, many countries have embraced the international trade model of development, which requires increasing imports and removing trade barriers in order to access new markets. These models may not always be the best for a society’s long-term development, as they can cause significant environmental damage and threaten traditional forms of governance.
Indian economist Amartya Sen has argued that we need to change our understanding of development from one that looks at GDP or income to one that considers how improvements affect people’s choices, capabilities and freedoms. This approach can help us to better understand the distribution of development and make sure that all citizens have an equal chance to achieve their potential.