The ideas in this paper aren’t all mine, I’m only expanding and iterating on the work of other scholars.
What is Development?
It can be described as the growth, progress, and advancement of a region from its present state to a better or improved state.
What is economics?
Economics is a branch of social science that studies humans as a rational thinker and how they react and manage their scarce resources and time.
Economic development is viewed differently by many economist and other related scholars. Reconciling all these divergent perspectives into one empirical and theoretical definition will be difficult. Understanding the complexity of the definition of economic development, it’s safe to say, that economic development is the upward movement of any social gathering either in, but not limited to technology, culture, and nature. This definition implies that there is a large spectrum in theoretical perspective and there are no single criteria in judging the correctness of the term economic development.
Calories are basically small units of energy that helps us carry out our daily activities. On average, we need between 18hundred to about 25hundred calories a day depending on your body type and your metabolism system.
Economic Development and Our Daily Calories:
We need our energy every day to carry out our daily activities, the amount of calories we get each day determines how productive we’ll or can be. “The law of diminishing marginal productivity” applies to our daily intake of calories. That is to say, eating more than what one needs for a day will reduce one’s productivity overall.
In some regions on earth, most of the time members of rural local communities dedicate about 75percent to 85percent of their time searching or trying to meet the daily amount of calories required. Failure to meet these set amount of calories, makes it pretty hard for members of those communities to think about economic development. Even though the will is there, the energy and personnel to carry out the will are lacking because at this point, their basic need is not economic development but survival.
What if daily calories weren’t the problem in these rural small communities, will the distribution of natural resources be the next? The idea is to think of ways we can help these communities on earth, to kindle development in the best way that fits their communities and not in the best way we think. Every region is faced with different developmental problems. But, there is one thing they all have in common that is, they all want to optimize their daily intake of calories to kindle the development of their regions and local small communities.
This can be achieved by modernizing their main stream economy either agriculture, commerce, or technology and most importantly improving their educational system. Modernized in the sense that we provide them with advanced technology that is compatible with their level of education and present state of affairs. A good index to use in determining a regions level of development will be the Human Development Index (HDI) and Global Competitiveness Index (GCI).
References will be provided upon request.