What are the Most Effective Growth Strategies in Remote Areas?

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LinkedIn asked me to contribute my Perspectives on a LinkedIn community question: "What are the Most Effective Ways to Promote economic growth in remote areas? See my reply here: https://lnkd.in/eb3wfA_H

We recognize that economics revolves around the judicious allocation of limited resources amidst infinite wants and needs. Unfortunately, the pursuit of economic growth strategies is often hindered in various societal sectors by the pernicious effects of distributional inequity fueled by greed and nepotism, reflective of the contemporary nuances of capitalism.

Specifically, remote areas, harboring some of the most vulnerable populations, find themselves in a state of underdevelopment. This is a direct consequence of growth-limiting strategies that perpetuate disparities, ensuring that the benefits of economic progress are unevenly distributed between remote and more densely populated regions.

Furthermore, it is essential to underscore the symbiotic relationship between economic development and growth. Development flourishes where there is a concentration of human activity. In areas with lower population density, the impetus for economic development may be curtailed, thereby impeding the desired growth. Initiatives designed to attract and integrate more residents into remote areas can act as catalysts, fostering the conducive environment necessary for sustained economic growth.

Credit: Another version of this blog is available in LinkedIn at Renaldo McKenzie's profile Page: https://lnkd.in/eb3wfA_H



Renaldo McKenzie is an Adjunct Professor at Jamaica Theological Seminary, Author of "Neoliberalism, Globalization, Income Inequality, Poverty and Resistance," (Neoliberalism Book 1) and the upcoming book: "Neoliberal Globalization Reconsidered, Neo-Capitalism and the Death of Nations," Co-Authored by Martin Oppenheimer. Renaldo is currently at Georgetown pursuing a Doctor of Liberal Studies. Renaldo is President and Content Chief at The NeoLiberal Corporation and The NeoLiberal Round Podcast.



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