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 development, political 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)  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.
Journal of Civil & Legal Sciences