Question

Step into shoes of the World Bank official. What would be your advice for the poor or relatively country (South Sudan, Kiribati, Bhutan) for the most effective economic development? What would be the key areas of focus?

Answer 1

These developing countries must increase their investment on education and skills development. Following steps can be taken to increase economic development:

• These countries must increase their investment on education and skill developments. There must be substantial saving to begin with economic development.
• These countries must make investment on development of infrastructure.
• Countries such as sudan needs to focus on the good governance and reducing instances of corruption.
• Countries such as Bhutan can gain rapid growth by focusing on development of tourism.