Tuesday, May 12, 2015

The role of economics in national development?With focus in Ghana as country

I do not know anything about Ghana, but I will make some
general observations on this point.  I hope this will be of some use to
you.


Economics is, of course, very important for national
development.  It is impossible to develop as a country if you do not have an economy
that is growing.  A growing economy allows people to get better jobs, make more money,
and set their offspring up to do better than they themseles
have.


However, there are other things that matter a lot for
national development.   For example, politics matter.  A country with an unstable or
corrupt government is not likely to develop well.  Corruption, especially, is a major
issue for many developing nations -- one that makes it hard for them to maintain
economic growth.  Politics in developing nations are often unstable as well, leading to
a great deal of uncertainty for businesses that might want to invest in a given
country.

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