Economic Development Objectives Essay Example | Topics and Well Written Essays - 500 words

stinting Development Objectives - Essay ExampleStructural transformations include diversion of stinting production away from agriculture, improver in the scale of productive units, shifts in organization and in the status of labor, and shifts in the structure of pulmonary tuberculosis (Lundberg 445). Advanced technology increases the potential of an economy recording high sparing growth rates. This therefore marrow that technological improvements are necessary conditions and not sufficient conditions since economic development is much wider than just economic growth (Kuz boodles, 419). There is therefore need to factor in the structural changes associated with improved technology since the net change might be negative or zero after including the costs of structural changes to quantifying economic development.Structural shifts and developing countriesAs much as everyone in developing countries wants economic developments, they should be alive(predicate) of Kuznets and that with s tructural shifts long-term end results could be detrimental to the welfare of their less developed economies.