Sustainable Economic Growth: The Ideal Development Strategies for the Nation


There  must  be  formation  and  application  of  some  appropriate  approaches  for  the  sustainable  economic  growth  of  Guinea  in  order  to  ideally  develop  it.  Suggested  strategies  are  discussed  in  terms  of  the  long  term  development  aims.  In  other  words,  the  roles  of  education  are  addressed  along  with  sustainable  economic  developmentpolitical  development,  social  development,  spiritual  development,  psychological  development,  cultural  development,  and  Environmental  development.  The  scope  to  examine  accountability  is  highlighted.  The  concept  of  full  and  genuine  Implementation of the countries is motto analysed. Finally, overall conclusions are presented.

The  fundamental  objective  of  a  country  is  to  construct  a  strong  sovereign  authority  based  on  an  equitable  economy  and  justice  for  the common interest of its citizens, which is done by a part the people for  the  rest  of  the  people.  This  fundamental  objective  is  achievable  through  continuous  grows  by  including  necessary  changes  along  the  way. Series of positive changes or adjustments bring the development in  its  diversity  for  a  real  advancement.  As  far  as  the  development  is  concerned,  an  equitable  wealth  creation  is  essential  and  it  must  be  sustainable. The sustainability, in this context, is the ability to maintain a  nation’s  development  level  and  progress  over  the  lifetimes  of  many  generations.

The  major  objectives  of  an  underdeveloped  country  should  be  to  transform and develop itself, which should be founded on its own style in order to sustainably advance in all required aspects. Guinea’s current situation  is  based  primarily  on  political  and  economic  instability,  investment   unfriendly   business   policies,   lack   of   infrastructure,   a   scarce  quality  workforce  and  unclear  development  strategies,  which  have  dragged  the  nation  back.  These  anti-development  and  anti-business  approaches  have  resulted  in  losses  for  the  country  in  terms  of  the  national  investments  and  Foreign  Direct  Investment  (FDI).  Uncommitted  to  create  a  momentum  and  fail  to  take  advantage  of  Guinea’s strategic location at the heart of West Africa, and mere slowed growth  to  about  2.0%  in  2013;  from  3.9%  in  2012  (source:  African  Development Bank) [1] states that a country has to be a united nation, with  a  confident  society,  infused  by  strong  moral  and  ethical  values,  living in a society that is democratic, liberal, caring, economically just and equitable, progressive and prosperous, and in full possession of an economy that is competitive, dynamic, robust and resilient for it to be developed.

Guinea’s   sustainable   economic   growth   is   achievable   if   right   strategies    are    developed    and    properly    implemented.    Rational    development approaches can be ideal for helping the country to emerge durably provided that people are accountable for their works, in justice and in solidarity. By looking at the nature and the scale of problems – in terms of corruption, ethnic politics, bad governance, public disorder and  under  development,  can  Guinea  be  an  emerging  country?  The  answer is yes, it can – if the motto is followed. The three little powerful words of the motto can help Guinea overcome its challenges that need to  be  successfully  implemented  in  order  to  achieve  the  development  goals  in  diverse  prospects.  There  can  be  no  fully  emerged/  developed  Guinea  until  there  have  been  overcoming  of  challenges  discussed  in  this paper, which have been confronting the nation from the moment of its birth as an independent country.The key objectives of the country coming into being is to develop based  on  its  own  model  and  to  develop  culturally,  economically,  politically, psychologically, socially and spiritually. Besides, improving nutrition, greater access to safe drinking water and food quality control can  contribute  to  improving  living  conditions.  Overcoming  these  challenges  can  help  the  country  eradicate  extreme  poverty,  promote  good governance, achieve universal primary education, improve health care,  ensure  environmental  sustainability,    human  rights,  democracy  and  durable  peace  as  well  as  developing  a  global  partnership  for  developing  the  country  in  terms  of  foreign  direct  investment  flows.  Foreign  direct  investment  (FDI)  is  international  capital  created  by  a  foreign  company  to  expand  a  subsidiary  in  another  country,  which  involves  not  only  a  transfer  of  resource  but  also  the  acquisition  of  control,  along  with  its  several  advantages  brought  in.  The  most  important  benefit  for  a  country  from  foreign  direct  investment  is  creating more employment especially for an under developed country argue thattechnology transfer is another benefit for a host country. In the long run, the host country has opportunities to produce products as   investing   countries   do.   In   addition,   national   inadequacy   for   investments is filled by foreign direct investment. FDI create more jobs and generate technology transfers.


Ann Jose
Journal of Civil & Legal Sciences
ISSN: 2169-0170
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