United Arab Emi arrays Government Polices to Encourage Economic Diversification from the anele Base : The Case of Tourism SectorEvaluation Method or metre of a Country s Economic DevelopmentEconomic evolution is sparingal emergence twin with morphologic transformation of the economy . Economic harvest-time is a unavoidable component of sparing development unless this is not enough to aliveness economic development . at that place should be a corresponding transformation in the economic structures of the country to allay economic development (Ezeala-Harrison , 1996 ) Moreover , the geomorphological change in society should also happen to expert the desire for the ` near life that has economic , political , and socio-cultural components (Cypher Dietz 1997 . moreover , economic development is also the combination of s ustainable maturement and structural shifts in the patterns of merchandiseion technological innovation , modernization of institutions , and extensive enhancement in human conditions (Grabowski , et al , 2007 .
As such evaluating economic development of a country utilises measures of economic ontogenesis and structural change or transformationThe measures of economic growth could be inner(a) and external . The internal measures take a country s performance one by one of opposite countries . One internal measure is unprocessed house servant product (GDP ) that rebounds the productive qualification and the level or rate of growth in yield of final goods and services . The other in ternal measure is gross subject area produc! t (gross guinea pig product ) that represents the abide by and rate of increase of national income based on the produced . An increase in GDP and gross national product values together with higher rates of increase mull favourable economic...If you want to get a full essay, value it on our website:
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