"steer the development" is correct and usable in written English.
You can use this phrase to describe directing or leading a situation, project, or process towards a certain goal. For example, "The CEO is steering the development of a new business strategy to ensure the company's success."
Instead, ad hoc legislation could be used to steer the development of the market in specific directions.
China is thought to be using intelligence to steer the development of its own weapons, rather than to reproduce American designs.
Her exhaustive knowledge of the cumbersome UN negotiating process has also proved invaluable, helping her to steer the development of the proposed new agreement through a series of lead-up meetings.
The papers contend that employees of the Miami office of the brokerage firm, Direct Access Partners, which has its headquarters in New York, struck a deal with Ms. González: She agreed to steer the development bank's lucrative bond trading business to the firm in exchange for kickbacks.
On the other hand regulative or economic measures to steer the development in the desired direction were not discussed in the workshops in detail.
Low intensity grazing with large herbivores is increasingly used to steer the development of mosaic landscapes (including wood-pastures) and woodland expansion on former agricultural land.
Solidere (an acronym of Société Libanaise pour le Développement et la Reconstruction de Beyrouth) has steered the development of the city centre for the last two decades, overseeing the postwar rebuilding of an area covering almost 200 hectares; and not without controversy.
In space system development, it was due to the standards that steered the development towards the more waterfall model.
Since body composition is a hot topic today, manufacturers have steered the development of DXA technology and methodology towards this.
The large number of uncertain parameters and the need for preserving geological consistency all along the history-matching process steered the development of specific parameterization techniques.
The considerable attention paid to the importance of reading attitude by educators and researchers has steered the development of integrated models of this affective domain of reading.
