Guidelines for development in developing countries

Abstract

The sustainable development goals as listed by the United Nations provides guidelines for the countries to seek development for their countries with a perspective of sustainable growth but, not all nations can have a similar development plan. The developing economies and their internal dynamics are different from those of the developed countries. The report presented here points at the same and discusses the sustainable development goals in the context of developing nations. The commonly faced challenges of the developing countries in the form socio economic instability, cultural diversities, limited resources, and dominance of issues like corruption, poverty and over population are discussed in details. How these characteristics typical of a developing economy cause hurdles in the planning of a growth of these nations are viewed from different lens. Further, these issues are explained through critical analysis of the present-day cases of some developing countries supported by relevant facts. With these understanding the paper attempts at highlighting those particular issues and gaps which developing countries need to prioritize and address in order to devise a sustainable plan for development. What are some important factors and vital areas which need pondering before making policies and reforms for bringing economic development are also highlighted. In this context, the emphasis is put on deciding the development indices and indicators of growth, developing a plan with an unbiased approach, an efficient implementation plan and monitoring system to track the trajectory of growth. How the role of experts of various domains and their insights can contribute in devising a suitable development plan of a country is also paid attention to. The report also discusses the vital elements which much be incorporated by the developing countries in crafting an ideal roadmap for development.