Business can play many roles, both good and bad, in national development. Let us look at two ways in which this is so.
One aspect of development is economic development. In this area, business can be both good and bad. Businesses are needed in order to make a country's economy grow. However, if individual businesses use their power to take too much control of the economy, the nation's economic development can be stunted as the companies do what is best for them and not for the nation.
Another aspect of development is political development. It is generally agreed that development involves moving towards more democracy and openness. Business can help with this if businesses push for less bureaucracy and fewer rules that give government excessive power. But businesses can also push for cosy relations with government. In such cases, businesses harm political development because they support undemocratic governments in return for policies that favor them.
In these ways, businesses can have a variety of impacts on the process of national development.