"stimulate economic development" is a correct and usable phrase in written English.
It can be used when talking about efforts or actions that aim to boost the growth and progress of a country's economy. Example: The government's policies were designed to stimulate economic development and attract foreign investments.
After the gold rushes in the 1850s, there were demands for large numbers of small farms to develop the country and stimulate economic development.
It can also be used to stimulate economic development and to stop over dependence on the developed west for some of these nations.
In less developed countries, more governments see entrepreneurship as a way to stimulate economic development and tackle serious economic and social challenges.
"You have to balance safety and stimulate economic development," Ms. Lancaster said.
Campus Partners qualified for the New Markets Tax Credit program initiated in the Clinton administration to stimulate economic development in low-income neighborhoods.
This case tells the story of Whirlpool's elaborate and well--funded multi--year effort to stimulate economic development, racial reconciliation, and encourage tolerance.
An influx of immigrants, mostly Italians, in the late 19th century stimulated economic development.
The period of peace that followed, as well as an influx of foreign immigrants, stimulated economic development.
Such programs represent a cost-effective approach to relieving population pressures, stimulating economic development, improving health, and enhancing human freedom.
EDI can enhance regional and international stability by improving access to markets and thus stimulating economic development.
Indeed, through its ambitious Belt and Road Initiative, China has the opportunity to help stabilize fragile states by stimulating economic development.
