The objectives of economic developments are increase in living standard, social justice, reducing economic inequality, comprehensive development, regional development, social services and welfare, economic stability, self-sufficient, increase employment and economic development. A high growth rate should be encouraged to improve living standard. Modernization of economy also plays a_ pivotal role in economic development. For instance, in Bangladesh, private investment and GDP increased where as public investment gone down sharply. Garment export increased. Large remittances incurred in services and construction sectors.
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