Introduction Sterling Bay is looking at expanding its economy even with the little amount of human resources. People from around the world have obtained the capacity in purchasing and traveling. Due to the fact that people from developed urban cities faces busy and hectic lives so they would want to travel to rural areas. With the attractions provided, there will then be a sharp influx of tourists. Along with the suggestions of recreational and leisure activities may help to bring up the economy and at the same it benefits the different generations in Sterling Bay not just economically but also environmentally and in the sociocultural way.
Bhutan is a developing nation with a small growing business economy. While traditional industries are strong in Bhutan, there is much competition from outside market forces. Public policy in Bhutan exists to protect local industries from cheaper imports outside Bhutan. 2) Environmental Conservation It is considered a key contribution to GNH because in addition to providing critical services such as water and energy, the environment is believed to contribute to aesthetic and other stimulus that can be directly healing to people who enjoy vivid colours and light, untainted breeze and silence in nature’s
Residential tourism (all-inclusive resort and vacation home development) as well as cruise tourism are taking over. This type of development must be carefully planned and controlled as It has the potential to transform the landscape causing displacement and competition for resources with local fishing, farming and ranching communities. Development on the Pacific Coast in recent years has been rapid and has created many jobs in construction and the hotel industry. Some of the less skilled jobs in construction have been filled by immigrant workers and some of the higher skilled jobs by skilled foreigners, but overall it has created more jobs for local people, decreasing poverty and having a positive effect on the economy. It has also improved roads and public services for the local people.
By providing countries with agricultural rate we are reducing disparities as we are giving them the means of increasing not only food production but the quality of the food. This will open up doors for trade, which will definitely help the LEDC with its economical state. Socially this will open up doors for jobs. Many farmers, dealers will be required to handle the agriculture. However, this may cost more than necessary for the donor country as training/technical expertise will be required for the recipients, along with any other resources.
It sounds easy, but sometimes effectiveness is hidden in easy solutions. Of course, ending world poverty is an unrealistic goal, but at least the government can try to minimize poverty rate. By helping small rural places such as Qinba, the Chinese government can help people to obtain future they dream of. For example, Gungxi zhuang autonomous region received help from World Bank and the Chinese government, which helped them to develop the village, educate people and give them an opportunity to work and earn money. Since there is an environmental issue due to bad soil and low crop production, the government should either provide better Water utilization, increases Low-yielding soil and crop yield, or try to reduce poverty through voluntary resettlement.
A third solution is teaching people how to grow food in their specific environment. If hungry people could just grow their food it would be much easier. Here are some pros to this solution, It would reduce the amount of hunger in this world, it would teach other people how to care for themselves, and it would provide jobs for people who can teach others. Sadly, there are also some cons to this solution. A few of them are that farming takes up land, flying people to other parts of the world to teach them is expensive, we would have to install irrigation systems, and people may fight over farmland.
A community garden is a local garden that is shared by neighbors and the local community. Community gardens have been proven to help reduce crime and enlighten the environment. Not only crime and emotional benefits, but economic benefits are another outcome caused by community gardens. The only thing that stands in the way of more community gardens are the people’s work ethics. Starting the process of constructing a community garden is the most difficult section, but the benefits definitely outweigh the first month’s work.
This is supported by The Humane Society. The advantage of this solution is the inhumanity of factory farming will reduce. Therefore, the government will more closely monitor factory farms. The disadvantage of this solution is it would cost a lot of money. According to the factory farms, the only complaint is the cost of food, transportation and proper sanitation.
It plays a vital role in a developing country, but it may result negative impacts on the economy. Most of the times Informal finance sector is focusing on Rural sector rather than the urban sector. Informal financing typically consists of small, unsecured, short term loans restricted to rural areas, agricultural contracts, households, individuals or small entrepreneurial ventures and helps in servicing the lower end of the market. While Formal financial system is associated with faster growth and higher profit reinvestment rates for those firms that receive it.? (Ayyagari, Meghana, and Vojislav Maksimovic,
Tourism is the income of people from one place to another place for vacation, but it can also be for business or entertainment. Tourism can either be international or domestic. Tourism has an influence on any country, either it’s for a positive impact or a negative impact. An example one might consider includes that the tourism in that individual country could possibly increase the income and positively improve the economic aspect of the country, but tourism can also negatively impact the environment. Tourism can also affect the population living in the country due to the amount of tourism which furthers the idea of more jobs need to be created for the new tourists.