What is socio-economic development?

Socio-economic development is the process of social and economic development in a society. Socio-economic development is measured with indicators, such as GDP, life expectancy, literacy and levels of employment.

What is an example of socio-economic development?

Socio-economic development is measured with indicators, such as GDP, life expectancy, literacy and levels of employment. Causes of socio-economic impacts are, for example, new technologies, changes in laws, changes in the physical environment and ecological changes.

Why is socio-economic development important?

Socioeconomic development should lead us to (1) an explicit commitment to important human values; (2) the recognition that the levels of intervention are so intertwined that social and economic interventions need to involve all levels to some extent; and (3) the creation or development of continually responsive and …

What does it mean to promote economic development?

Economic Development is the creation of wealth from which community benefits are realized. It is more than a jobs program, it’s an investment in growing your economy and enhancing the prosperity and quality of life for all residents. Economic development means different things to different people.

What is the purpose of socio-economic development?

Socio-economic development is a process that seeks to identify both the social and the economic needs within a community, and seek to create strategies that will address those needs in ways that are practical and in the best interests of the community over the long run.

How is community service related to socio-economic development?

Community service organizations have a direct link to socio-economic development. Developing a region’s economy may involve the construction of new commercial spaces, and simultaneously create jobs. Impoverished areas may lack proper infrastructure.

Who is the author of the master’s thesis on socio-economic development?

MASTER’S THESIS: PROMOTING SOCIO-ECONOMIC DEVELOPMENT THROUGH REGIONAL INTEGRATION – THE POLITICS OF REGIONAL ECONOMIC COMMUNITIES IN AFRICA Author: Gaudence Nyirabikali Supervisor: Associate Professor Per Jansson June 2005 1

How are laws and regulations affect socio-economic development?

Typically, socio-economic development involves making changes in current laws and regulations in order to attract new growth and enhance the standard of living for local residents. Changes in laws can make it easier for new industry to move into the area and offer employment at equitable wages.