How does the Dichotomy of Development Affect Economic Growth?
The Dichotomy of development can never lead to sustainable development and economic growth as development must not partial and every citizen must get benefitted from the development. But the dichotomy of development leads decision-makers to focus on a single sector and thus not leading to inclusive economic growth. If the government of nation promotes the urban development and didn’t do anything about the rural sector then people living in that region get exploited. Also, it has been observed that leading economies usually promote industrial growth instead of Agricultural growth. But it can lead to serious scarcity of food in that particular and can indirectly affect the economy of that nation. However, giving equal importance to all sectors and drafting policies equally for all sectors can escalate the economic growth of the nation.
Dichotomy of Development
Development must be a continuous process for every economy however the methods and approaches of development vary with nations. However, the difference in opinions and strategies of policymakers creates a dichotomy in development. Almost every economy has its own approach toward development some may adopt an aggressive approach while some adopt a conservative or a calculative approach. However, development is possible in all kinds of approaches, but the results may not be exact.
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