2. • What is Development?
• Development means ''improvement in a country's
economic and social conditions''. More specifically, it
refers to improvements in ways of managing an area's
natural and human resources in order to create wealth
and improve people's lives. This definition is based on the
more obvious distinctions in living standards between
developed and less developed countries.
3. Development is
• Improvement of a countries:
• Economic
• political
• Management of natural and human resources
• Tourism
• Political Ideologies
4. Concepts of Development
Development – refers to the sustained level of
economic and social well being in a country.
Sustainable development – refers to the concept of
advancing a people’s quality of life, in terms of
economic criteria as well as human dynamics,
particularly the conservation and protection of the
environment.
5. • Development as an increasing differentiation
or complexity: is a Conceptualization of development
that states that for anything to develop it must become more
complex and more differentiated- its component parts will
integrate with better and deeper linkages.
6. Development as an enactment of
Human Values : is a conceptualization that for
anything to develop or become better
improvements has to related to some values that
are being enacted.
7. When concentrated in the hands of a few, it can
lead to low levels of investment, high
unemployment, high levels of unskilled labour force
(since there will be low expenditure on education. It
can also lead to corruption
. The result is low productivity among high-income
earners, capital flight and brain drain. It leaves
government with a high borrowing from international
sources, which result I higher taxes and rising
inflation
8. Resources are materials or other assets
that are transformed to produce benefit and
in the process may be consumed or made
unavailable.
From a human perspective a natural
resource is anything obtained from the
environment to satisfy human needs and
wants.
9. Some of the resources in the Caribbean
that have provided jobs:
Barrick Gold’s Pueblo Viejo Project in The
Dominican Republic which so far has
created 4,465 jobs.
cobalt, nickel, iron ore, copper,
manganese, salt, timber, silica, and
petroleum in Cuba.
10. Bauxite Mining in Jamaica : according to
the gleaner July 23, 2010 More than 600
people are to get direct employment while
hundreds more will benefit indirectly full
operation in Ewarton, St Catherine.
Guyana: Natural resources bauxite, gold,
diamonds, hardwood timber, shrimp, fish
11. Absence of mineral; forestry and other resources
in most territories.
This has placed some limitation on development
strategies and options. Except for Jamaica,
Guyana, Trinidad and Belize , a lack of resource
prevents production and resources available to all
allows for production of the same products,
hence difficulty in finding markets.