Which is the most important sector to invest for the developing countries to boom their economy ?
Прежде всего, образование. Это даст необходимые кадры для экономического развития.
Focusing on sustainable development: environment, economy (e.g. tourism, agriculture, depending on the country) & social web (e.g. education, public institutions).
At the microeconomic level, for the citizen , industry and communications is the best. As for the macro-economy of the state, it is preferable to set up industrial cities that keep pace with the available resources of labor, natural resources and technology that can be used and imported. For foreign investment, of course, the investor will choose the most profitable, and this is in the mining sector, taking advantage of the foreign investment law as it suits it.ank you for sharing this research. Investment in education means the development of human capital and investing after a long period after 15-20 years. - Nazar
Health sector and health tourism , local products production and promotions to improve the financial position of locals ,lower production cost keep pace with latest technology development
Focus on my country, Spain: tourism industry, agri-food industry, chemical industry and renewable energy.
Education ( but comprehensive education that including both scientific and religious.)
Tourism is a vital sector for investment in developing countries to be the cornerstone of investments in other sectors.
Mohammad Zubair - India is considered as the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to several studies, India's growth rate should stabilize at 8% during the next decades, ranking the country as the world's fastest-growing economy. Since 2014 with the exception of 2017, India's economy has been the world's fastest growing major economy, surpassing China. India topped the World Bank's growth outlook for the first time in fiscal year 2015–16, during which the economy grew 7.6%. The major investing sectors are: Research & Development, Information Technology (IT), Health & Pharmaceuticals, Telecommunications, Media & Entertainment, Knowledge Process Outsourcing (KPO), Financial Services, FMCG (Fast-moving consumer goods), Housing finance companies, Automobile, Infrastructure, Pharmaceuticals, etc.
Aquaculture (Fisheries) , Agriculture and Education the most important sector to invest for the developing countries to boom their economy .
Given that I agree with Anastas Ivanov Ivanov , beyond the "economic boom", which often represents only a follow-up of numbers linked to GDP, every developing country must always look at its own history, its geography and the distribution of natural resources contained therein .
Therefore, development starts from a conscious use of all this (applies to any other country).
Education to all , mostly technical education ,education which helps to get job/entrepreneurship to all
Education and development and investment of human resources is the first, mining, energy, and agricultural projects.
Whatever looks naturally advantageous for each particular country should be invested as a matter of priority.
Agriculture for food availability, education for mental and intellectual growth of community.
depending: here in Fiji it would be food production as much food is imported despite conditions for good agriculture is there. Also food processing is doing well, investment is lower than other industries and market is available (people need to eat....).
The first priority area is education. Other sectors may be arrange according to the country's location, geography, natural wealth, etc.
In Montenegro, I suppose that tourism could help in many fields, I mean - developed tourism.
No one can exclude EDUCATION when the sentence says developing countries. Then our next should be the financial system BANKS etc. They determine financing of growth. You have to have those before infrastructure, roads and stable electricity before one can even talk about tourism
It varies from country to country with regards to their current need eg Pakistan should invest more in education.
Education is strategically important for every country, doesn't matter developing or developed.
From another perspective it is important to develop sectors that ensure more added value and there is comparative advantage.
I think that education and health are important. Often they are considered "non-productive' sectors, but if one thinks deeper about this one should be able to see the importance of a sound foundation of education and health plays for a society....
Every sector. Global economies are complex. The solution is a holistic approach, not isolating a single sector for development. Single sector approach attracts policy makers, but does nothing to really solve the problem of underdevelopment.
Education is the first priority to development and investment in human resources.
he most important sector to invest for the developing countries to boom their economy is construction.
High quality education give the nation the background and the base for the economic success.
For me, it is in this other (bearing in mind the question refers to thing. Elecricity, Health care, Water & infrastructure , Education, Banking
I think many achievements can be made when education is on high levels. I would want to have certainty that the education sectors gets the resources it requires.
I think there are many important sectors the first is education
The economy can be boosted by having a right mix of investment both in 'fundamentals' or foundation sectors such as transport, energy, human capital development etc and primary growth drivers sectors such as agriculture, minerals, tourism etc depending on the country's natural endowment. The starting point is to study and understanding the political economy, physical environment and geopolitical set-up of the country. For example, in a few states like Somalia, addressing the political question first, would be a more rewarding investment than say infrastructure which would be destroyed in state of turmoil. Besides, fundamentals and primary sectors/exportables, it is also important that the public investment analyst pays attention to the enabling factors such as security, governance, public administration and public sector management. In nutshell, investing in developing countries is not a linear function nor a maximization objective function but rather something that needs thorough analysis and understanding of all contextual factors of the economy including its state of financial and monetary sector development. Some economies may be shocked by the magnitude of investment in any particular sector if not well planned and sequenced (this is what economist refer to as 'absorptive capacity'). Finally, any investment you think of should consider these cross-cutting issues (i) 'sustainability' first - environmental, social and economic sustainability, (ii) inclusive growth (pro-poor growth), (iii) local participation and local content, (iv) technology transfer, adoption and adaptation , and (v) employability- job creation.
My view is in line with Professor Anastas Ivanov Ivanov, that every developing country is unique. Each developing country has its own strong and weak sectors. For example, as mentioned by Professor Edriana Pangestuti, tourism is a strong sector in Indonesia. With limited investment resource, developing countries need to be very cautious in selecting prioritized sectors. I believe they must start with their strongest sectors which need lower investment yet yield higher gain. Afterward, they can move to the second in line, and go on until the limited resource is exhausted. In this manner, the limited investment is economically used.
The priority is education then comes others according to location, geographic of countries.
I think that, the most important sectors to invest for developing countries are two opcions, for short-run, construction sector and the long-run education and tourism sectors.
Best regards Muhammad Zubair.
At the microeconomic level, for the citizen , industry and communications is the best. As for the macro-economy of the state, it is preferable to set up industrial cities that keep pace with the available resources of labor, natural resources and technology that can be used and imported. For foreign investment, of course, the investor will choose the most profitable, and this is in the mining sector, taking advantage of the foreign investment law as it suits it.ank you for sharing this research. Investment in education means the development of human capital and investing after a long period after 15-20 years. - Nazar
It´s important to take into account the country and the period, according to Bank Of Mexico: " The agri-food sector of Mexico grew more than 70% in 2017 with respect to the previous year, highlighting historical record in field production and agro-industry".
Everyone is looking from the perspective of his country and it could be different. But common in long run is education.
The most important sector is education for a country cannot develop or sustain development if it has a high level of ignorance. Then once we have enough skilled labor, invest in manufacturing and other job creating sectors to counter unemployment and informal sector. If many people have jobs, there will be spillover effect which will lead to the development of other sectors depending on the context of the country you are investing in.
The best sector to invest in to boost economic growth is the manufacturing sector. This is because most developing countries already have a rich natural resource base. The problem is how to transform these natural resources into finished products. Setting up manufacturing industries will inadvertently create more jobs which will in turn boost economic activity. So Muhammad Zubair , I think the manufacturing sector is the most important sector to invest in.
We always refer to education but in most developing economies we have all types of education funded in name only. In most cases. teachers go months without a paycheck. That is not funding of quality education. Health care is available but what type except a shameful and infrastructure seems at the lowest.
In the Chinese economy rise over the last few decades has been one of the biggest stories in economics, a manufacturing and services based economy.