Which strategy is described as creating jobs and encouraging economic growth?

Which strategy is described as creating jobs and encouraging economic growth?

• A. Industrial Development as a development strategy
• B. Microfinance as a development strategy
• C. Fairtrade as a development strategy
• D. Infrastructure as a development concept

Answer: (A)

Expanding a country’s manufacturing and industrial base is a strategy designed to create many jobs and spur economic growth. Industrial development focuses on building factories, upgrading technology, training workers, attracting investment, and linking production to regional and global markets. This approach tends to generate large numbers of permanent employment, boost productivity, and trigger related growth in services and the wider economy. Microfinance helps individuals start or grow small ventures, which can create jobs at a micro scale, but it’s not primarily about expanding industry to drive broad economic growth. Fairtrade improves producers’ incomes and trading terms, supporting livelihoods rather than driving large-scale job creation through industrial expansion. Infrastructure is crucial for growth because it lowers costs and improves access, yet the description of creating jobs and encouraging growth most directly matches industrial development through the expansion of industry and manufacturing.

Expanding a country’s manufacturing and industrial base is a strategy designed to create many jobs and spur economic growth. Industrial development focuses on building factories, upgrading technology, training workers, attracting investment, and linking production to regional and global markets. This approach tends to generate large numbers of permanent employment, boost productivity, and trigger related growth in services and the wider economy.

Microfinance helps individuals start or grow small ventures, which can create jobs at a micro scale, but it’s not primarily about expanding industry to drive broad economic growth. Fairtrade improves producers’ incomes and trading terms, supporting livelihoods rather than driving large-scale job creation through industrial expansion. Infrastructure is crucial for growth because it lowers costs and improves access, yet the description of creating jobs and encouraging growth most directly matches industrial development through the expansion of industry and manufacturing.