The role of economics in national development?With focus in Ghana as country

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

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I do not know anything about Ghana, but I will make some general observations on this point.  I hope this will be of some use to you.

Economics is, of course, very important for national development.  It is impossible to develop as a country if you do not have an economy that is growing.  A growing economy allows people to get better jobs, make more money, and set their offspring up to do better than they themseles have.

However, there are other things that matter a lot for national development.   For example, politics matter.  A country with an unstable or corrupt government is not likely to develop well.  Corruption, especially, is a major issue for many developing nations -- one that makes it hard for them to maintain economic growth.  Politics in developing nations are often unstable as well, leading to a great deal of uncertainty for businesses that might want to invest in a given country.

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