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Unlike other studies, this paper went a step further by comparing the results of mining-led growth to an alternative more broad-based development strategy where DRC develops shared capabilities required to engineer growth in the manufacturing sector.
It explains that the sufficiency theory is for sustainability, moderation and broad-based development; and against excessive risk-taking, inequality and other evils.The king developed his theory during the 1997 Asian economic crisis, when the consequences of years of reckless growth caught up with Thailand.
The Nordic and east Asian countries pursued broad-based development that involved full employment, social protection and democratic governance.
As the example of tourism illustrates, value chains of international investors are extremely powerful as a tool for broad-based development.
The Bharatiya Janata Party government had the choice between broad-based development and consolidation of the Sangh structure when it came to power in 2008, Mr. Ayyub argues.
But some people say there is a danger in putting too many resources into high-profile projects instead of the broad-based development that can lead, over time, to a flowering of entrepreneurial creativity.
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Indian companies need to diversify their markets, and the Indian government needs to sustain broad-based domestic development.
Each has articulated a strong vision of how to integrate broad-based professional development into their department's culture and doctoral curriculum.
Businesses of all sizes can support broad-based economic development by taking steps to make sure workers are paid, that workplaces are safe, and that women have equal opportunity.
The Center on Democracy, Development and the Rule of Law (CDDRL) at Stanford University collaborates widely with academics, policymakers and practitioners around the world to advance knowledge and practice about democracy, broad-based economic development, human rights, and the rule of law.
Current policies should be "urgently reviewed in order to preserve the goal of world food security, protect poor farmers, promote broad-based rural development and ensure environmental sustainability," said a report released here on Tuesday by Jacques Diouf, the executive director of the United Nations Food and Agriculture Organization.
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