It is the continuous process of improvement of human conditions like the reduction in poverty, unemployment, diseases and equality. There is need that all the players in the economy to take part in development so as to ensure there is maximum utilization of all the resources. The government has a major role to play as it is the one that controls the resources and GDP.
According to site selection consultants, there are consideration that need to be made if there is to be development in a country. Unemployment being one of the hindrance need to be eliminated by the government so as to make good use of resources for a country. The other thing that government need to ensure is that exchange rate are stabilized so as the people can export and import goods easily. Due to the fact that instability inhibits development there is need to have political stable country. Technological advancement is very vital for any country that wants to increase its production and improve services.
Countries that have minerals and other natural resources at their dispose is more developed than the others. Low cost of developed is undertaken in a country that has natural resources together with geographic location and factors of development. Investing in infrastructure development and industrialization is also very vital in development thus government and other stakeholders should get to invest in it. The technology advancement and infrastructure development are very important to a country as they are key factors in development and lead to reduction in costs of acquiring basic needs and other things, based from site location consultants. Output of a country depends on the labor used there it is important to have skilled labor.
Good governance is very important to a country development as it ensure the country is moving in the right way, hence a democratic political environment is very important. Investors will be willing to invest in a macroeconomic stable country as the risk of investment is reduced. Having the good educational program is a key thing as it enables a country have better and more skilled labor. The government should come up with programs such as free tax holidays so as to encourage more investors to invest in the country. Due to the fact that is no country is self-sufficient there is need that the country should consider encouraging investors to come and invest in the country and for the citizens to invest in other countries.
There is need that the factors inhibiting development in a country be known and tactics to deal with them advanced. The problem of brain drain is common and need to be eliminated by the government by creating more job opportunities. People should be educated on better methods so as they can be self-employed thus reducing unemployment. The health services should be improved as health is very important.