Economic Development

Economic development is the precondition of higher living standard Therefore we should focus on economic development at first We know infrastructural development is a must For economic development of any country So the government should go for it in the first place And if necessary they should go for partnership with private entrepreneurs Now it’s an open market economy If we want to take off to the sky of prosperity We need to utilize our own resources including manpower We need to figure out our competitive advantages Because it’s not a hard task for us in the information era Now-a-days tourism is a lucrative sector for any government Because we are living in the time of globalization Protectionism is now a history That’s why The role of commercial banks and other financial institutions Is more pivotal than ever They should provide loan to the industrialists In such a manner and style So that the latter can import cutting-edge tech In order to survive in the fierce competition of open market