Economic development and society
Oct 26, 2010 8:00:00 PM - aussieindolanka.com
Economic development is a priority based on the concept of reconciliation and national unity to achieve a common nationhood. In that perspective, economic development must be accompanied by the fundamental transformation of the entire socio-economic fabric of the society. Linking collective resources is a measure to maximize the synergy of combined actions to effect socio-economic changes required by the society.
In this post-war period, where economic stability can be spoken of, achievements of much needed macro- economic balances will ensure the creation of an atmosphere conducive to growth and development. The significant factor is to manage public finances to prevent the public sector siphoning off too much of the national wealth to meet recurrent expenditure that would be too high. Such a control will certainly help to curtail tax burdens on the masses.