“The Story of Solutions”
Economic development is one of the critical issues in any setup. According to Barkan (10.4), the achievement of a good economy costs a lot of changes in different aspects to ensure that negativities like inflations are evaded. Currently, the economic revolution has been felt for almost five years, where a lot of developments and strategies have been made. This discussion aims at elaborating on the various changes that ought to be taken t for effective economic development as elaborated in “The Story of Solutions” video.
According to the video, one of the changes that need to be implemented is adherence to various economic policies set to ensure that there is economic development. It is vital to ensure that all the rules of the economy are followed effectively to ensure winning is achieved (The Story of Stuff Project 1:10). I agree with this proposal as it would help to ensure that people invest in the right places as well as refrain from directing their finances to futile sectors. As a result, a bigger GDP would be achieved. The rules of economic development help to set strategic and sustainability steps in any context. On the other hand, a change of the perception of singularity in economic success should be implemented (The Story of Stuff Project 4:25). In general, collaboration should be initiated to ensure that various challenges that face economic growth are curbed effectively.
Thoughtfully, this factor would play a significant role in shaping the direction and approach towards economic development. Finally, the issue of changing the goals to better ones in economic development was proposed in the video. Elaborately, the clip states that having feasible goals help to boost the economic development optimistically. Generally, when a person has a goal of making a good future, he or she is motivated to work for it. This proposal is logical as it would help people to indulge in various strategies that would help to achieve the goals for the development of their economy.