Economic development theory: Exploring concepts and theoretical foundations for promoting sustainable growth
Hassan Haitham Ismail
Economic development and its influence on achieving power balanced growth is the focus of this paper. We want to examine the various economic theories in an academic arena, and thus explore stumbling blocks to sustainable development. The study adopted a descriptive analysis method, using questionnaires to collect feedback from a sample of 100 individuals from different fields including economists and policy-makers. It shows such things as the need for both rapid economic growth and sustainable development, and how government policy can effectively ensure that wealth is evenly distributed. It also reminds us of the importance of education in enhancing productivity and growth (this was confirmed through a large-scale survey); as well as the function which innovation and technology play in job creation. Based on these findings, the paper proposes integrating government policies aimed at economic justice; investing more resources into education and infrastructure; advocating innovative thinking; and promoting international cooperation in sustainable development.