Importance of Promoting Sustainable Economic Development Essay

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Updated: Nov 27th, 2023

Introduction

There are several ways used to promote economic development in the United States, which has enabled the states to prevail through the economic graph positivity and improve their ways of trading around the globe. However, economic development has been a major problem affecting different nations to stabilize economies worldwide. Different countries have come up with different strategies to address the issues of their economic growth. These are some of the ways of improving economic growth in the United States, E-government, Federalism, and Livability.

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E-Governments

This is the way of using technology to pass information to amend government services, interactions, and transactions with business people and other divisions of the government. This is one of the major ways that has made it possible for the government to trade worldwide and increase potential traders with different needs, goods, and services. Therefore, it has strengthened the economic growth, which has come up with other organizations and companies as they are creating employment for their own people.

Federalism

This is a legal relationship between two levels of government that control the same state. This has led to the licensing of the organization, making it more convenient for traders to maintain the actual goods and services within the businesses. This has enabled the state to stabilize its economic growth. Moreover, it has promoted foreign affairs where potential countries have traded with the state leading to sustainable economic development.

Conclusion

This factor ensures quality and better living in the community, which attracts organizations and companies to be established within the area. However, this has promoted the accessibility of goods and services to the people around the area and improved the sustainable growth of trading. Perhaps, it has affected the community positively, improving innovation and other potential ways of carrying out business.

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IvyPanda. (2023, November 27). Importance of Promoting Sustainable Economic Development. https://ivypanda.com/essays/importance-of-promoting-sustainable-economic-development/

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"Importance of Promoting Sustainable Economic Development." IvyPanda, 27 Nov. 2023, ivypanda.com/essays/importance-of-promoting-sustainable-economic-development/.

References

IvyPanda. (2023) 'Importance of Promoting Sustainable Economic Development'. 27 November.

References

IvyPanda. 2023. "Importance of Promoting Sustainable Economic Development." November 27, 2023. https://ivypanda.com/essays/importance-of-promoting-sustainable-economic-development/.

1. IvyPanda. "Importance of Promoting Sustainable Economic Development." November 27, 2023. https://ivypanda.com/essays/importance-of-promoting-sustainable-economic-development/.


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IvyPanda. "Importance of Promoting Sustainable Economic Development." November 27, 2023. https://ivypanda.com/essays/importance-of-promoting-sustainable-economic-development/.

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