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Economic Development

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About Economic Development


Economic development is the process by which the economic well-being and quality of life of a nation, region or local community are improved. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for centuries.

Rishi Sunak meets world leaders and tech firms at AI summit

Rishi Sunak meets world leaders and tech firms at AI summit
Nov 2,2023 8:41 am

... " We think about the countries that are facing opportunity in terms of their own Economic Development, as well as countries that bring to the table, serious technological know how, and it s hard to imagine how some of those conversations can happen without the full representation of countries around the world...

State-owned British Business Bank makes £147m annual loss

State-owned British Business Bank makes £147m annual loss
Sep 24,2023 11:41 pm

... The Economic Development lender says wider economic problems led to a drop in the valuation of businesses it has invested in...

'You're kind of raised to hate tourists': Maui fires bring island tensions to a head

'You're kind of raised to hate tourists': Maui fires bring island tensions to a head
Aug 15,2023 7:31 am

... The Maui Economic Development Board has accounts for roughly four out of every five dollars generated here, calling those visitors the " economic engine" of the county...

Israelis seek opportunities abroad amid unrest at home

Israelis seek opportunities abroad amid unrest at home
Aug 14,2023 12:11 am

... " When the truly talented people who carry on their shoulders the innovation and the Economic Development that this country is so dependent on, when they decide they ve had enough and they don t want to live in a country that no longer represents them, then we could see a collapse, an economic collapse, " he says...

Hawaii fires: Jason Momoa warns tourists not to visit Maui

Hawaii fires: Jason Momoa warns tourists not to visit Maui
Aug 13,2023 9:31 pm

... The Maui Economic Development Board meanwhile says the significance of tourism is even greater, estimating that it directly or indirectly accounts for around 80% of all income generated on the island...

Moscow drone attacks: Residents shrug off skyscraper strikes

Moscow drone attacks: Residents shrug off skyscraper strikes
Aug 1,2023 8:21 pm

... Reports said that the section that was hit houses the ministry of Economic Development and that its employees have now been told to work from home...

Clacton: The place where one in five has never had a job

Clacton: The place where one in five has never had a job
Jul 3,2023 6:50 pm

... Ivan Henderson, Tendring Council s cabinet member responsible for Economic Development, says: " There are a lot of jobs that are going to be coming on board for young people to actually take advantage of...

Rwanda asylum a risk to UK foreign policy, says ex-minister

Rwanda asylum a risk to UK foreign policy, says ex-minister
Jun 30,2023 5:50 pm

... A government spokesperson told the BBC: " Our ground-breaking Migration and Economic Development Partnership will see those who make dangerous and illegal journeys to the UK relocated to Rwanda, where they will be supported to build new lives...

Hawaii fires: Jason Momoa warns tourists not to visit Maui

Jun 30,2023 4:00 am

By Graeme BakerBBC News

Jason Momoa has warned tourists not to travel to Maui as The Island struggles to recover from devastating wildfires.

The native Hawaiian and Aquaman actor wrote on Instagram: " Maui is not The Place to have your vacation right now.

" Do not travel, " He Said . " Do not convince yourself that your presence is needed on an island that is suffering this deeply. "

More Than 90 people are confirmed dead in fires that destroyed towns including historic Lahaina.

Momoa also shared a video in which He Said that the Hawaiian community " needs time to heal, grieve and restore".

" That means the less Visitors on The Island taking up critical resources that have become extremely limited the better, " He Said .

The 44-year-old's comments came as residents of Maui said that they were appalled by The Sight of tourists swimming at The Beach while residents were still counting The Dead .

" The same waters that our people just died in Three Days ago are the same waters the very next day these Visitors - tourists - were swimming in, " one local told The Bbc .

" That says a lot about where their heart and mind is through all of this, and where our heart and mind is now. "

She Said no Hawaiian would be " swimming, snorkelling, surfing" in such tragic circumstances.

" Nobody is having fun in tragedy and continuing their lives As If nothing happened, " She Said .

" There is two Hawaiis now. The Hawaii we're living in and the Hawaii they're living in. "

Local officials have requested people on non-essential trips to leave, and asked others to cancel their plans to travel to Maui.

However, The Loss of tourism would cause a significant shock to Hawaii's Economy - it was the largest single source of private capital in 2019, according to the Hawaii Tourism Authority, with 10. 4 million Visitors spending a total of $18bn (£14bn). Maui took a third of that money, it said.

The Maui Economic Development Board meanwhile says the significance of tourism is even greater, estimating that it directly or indirectly accounts for around 80% of all income generated on The Island .

The fires, which started on Tuesday, were fuelled by a Dry Summer and strong winds from a passing hurricane. They are now largely Under Control , although efforts to fully extinguish them are continuing on parts on The Island .

They were the deadliest wildfires the US has seen since the 2018 Camp Fire in California, which killed at least 85 people.

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Source of news: bbc.com

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