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Indigenous Strategies for Economic Development and Social upliftment

Various regions of the world have diverse geographic, socioeconomic, ethnic, demographic, cultural and political environment. The issues and challenges differ from region to region. While some countries have homogenous societies, others have hugely diversified cultures and social strata. There also exists a significant difference in the way people react to issues of social, economic and political concern.  An economic development strategy, which may have worked in one region of the world may not necessarily bring the desired development in other parts of the world. As such,  different regions must strive to develop their own or customized strategies of economic development and balanced regional growth, while learning lessons from the experiences of other regions of the world. Even if they attempt to emulate a particular model or strategy, it must be re-designed by taking cognizance of the issues and challenges faced by the country. This would help improve the standard of living and bridge the gap between the rich and the poor.


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