The phrase "promoting economic development" is correct and commonly used in written English.
It means to actively support or encourage actions or policies that lead to economic growth and progress. Example: The government implemented new policies aimed at promoting economic development in rural areas.
Promoting economic development and prosperity in the developing world with a view to reducing poverty and strengthening UK trade and investment opportunities is one of the four strategic objectives of UK aid, along with strengthening global peace security and governance, strengthening resilience and response crises, and tackling extreme poverty.
He has a reputation for promoting economic development and for demanding a share of every contract.
She pointed to New York's success in promoting economic development in hard-pressed areas.
And the Warren Main Street program is reviving the historic street's original architecture and style, while promoting economic development.
The next administration will have to counter their influence by promoting economic development in the Middle East as well as a lasting peace between Israelis and Palestinians.
European leaders and businesses should recognize that they have a strong interest in promoting economic development in countries trying to become democratic, they said.
IBEC was created by Nelson A. Rockefeller with the aim of promoting economic development-such as supermarkets, housing, poultry and mutual funds--in Latin America.
By the end of the 1950s the experience gained from efforts to promote economic development showed great differences among developing countries.
This vision should include addressing the growing burden of NCDs while also recognizing the need to develop policies which promote economic development through science and biotechnology development.
The county, which acquired 529 acres four years ago to promote economic development, is negotiating the sale of 155 acres to Gilbane Properties, a Providence, R.I., developer for $7.8 million.
Simultaneously, railroads began to promote economic development.
