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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that this country is so dependent on, when they decide they ve had enough and they don t want to live in a country that no longer represents them, then we could see a collapse, an economic collapse, " he says...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...

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

Jun 30,2023 4:00 am

By Faisal IslamBBC Newsnight

The government's deal to deport asylum seekers to Rwanda risks " downgrading" UK foreign policy, a former cabinet minister has said.

A final report by a United Nations Group of Experts, published earlier this month, concluded that the Rwandans were supporting the M23 rebel group which is active in the neighbouring Democratic Republic of Congo (DRC) and is subject to UN and US sanctions.

Justine Greening withdrew £21m in aid funding to the country in 2012 when she was international development secretary after the United Nations first reported that the Rwandans were helping the M23 Rebels .

and EU have directly told the Rwandan government to cease its support for M23, a UK regional envoy released a more general statement condemning " external" support for Rebels without naming Rwanda.

Rwanda has consistently denied supporting the rebellion.

Ms Greening told BBC Newsnight: " It's important that UK foreign policy and This Country 's leadership on important matters of Human Rights atrocities including violence against women is not downgraded as a result of our domestic policy approaches.

" This UN report also underlines the practical complexity and sustainability issues of intertwining The Delivery of Britain's asylum policy with any third country, particularly one facing such demonstrable wider regional stability challenges, " She Said .

, written for the Security Council, said advances by the M23 group had displaced A Million citizens in Kivu province and that in the mineral rich areas where it was active there were " incidents of rape, including gang rape by M23".

It also named Rwandan Defence Force generals and advisers to President Kagame as directing some M23 activity. The Rwandan government has said The Report is " concocted".

On Thursday The Court of Appeal ruled that the UK government's Rwanda policy was unlawful.

Prime Minister Rishi Sunak has vowed to take The Matter to the UK Supreme Court .

The five-year Trial - announced in April 2022 - would see some asylum seekers sent to Rwanda on a one-way ticket, to claim asylum there.

They may be granted refugee status to stay in Rwanda. If not, they can apply to settle there on other grounds, or seek asylum in another " safe third country".

The government says The Plan will deter people arriving in the UK through " illegal, dangerous or unnecessary methods" such as on small boats which cross the English Channel .

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.

" Rwanda is a safe and secure country, with a track record of supporting asylum seekers. "

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Source of news: bbc.com

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