English of Profession

8/3/2019 English of Profession

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OFFERING K

Faculty of EconomicEconomic Development

S1Economic and Study Development


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1. Moh. Yusron Fadli

2. Murni

3. Nanda Puspita Amalia

4. Nicho Pramana P

5. Nimatul Mawaddah

6. Nina Apriliya R

7. Silviana Noerita


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1. Describtion of Economic Development

Economic development is a processof increase in total income and incomeper capita to take into account thepopulation growth and is a

accompanied by fundamental changesin the structure of a countrys economyand the equitable distribution of incomefor the inhabitants of a country.


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Economic Development cannot be separated from Economic

Growth. Economic development

encourages economic growth,and conversely, economic growthexpedite the process of economic

development.


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Three importantelements relating to

economicdevelopment, they

are :


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Development as the process

Development as the process, meaningdevelopment is a stage that must be lived byevery community or nation. For example,

humans began to birth, did not immediatelybecome an adult, but to become an adultshould go through stages of growth.

Likewise, every nation must undergo stageof development towards a fair condition, andprosperous.


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Development as an attempt to

increase income per capita

As a business, building an active actthat must be done by a country in order toincrease income per capita. Thus, themuch-needed role of the community,government, and all elements containedwithin a country to active participate in

the development process. This is donebecause of increases in per capita incomereflects an improvement in welfare.


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An economy can be expressed

in developing a state where percapita income in the long runtends to increase. This does not

mean that income per capitashould have increase continuous.


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There are several factors

that influence the growthand economicdevelopment, but in

essence these factors canbe grouped into two,namelyeconomic and

noneconomic factors.


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Economic factorsthat affecteconomic growth anddevelopment include natural

resources, human resources,capital resources, and expertise or

entrepreneurship.


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Natural resources, which includeland and natural resources such as soilfertility, the climate/weather, forest

product, mining, and seafood, greatlyaffect a countrys industrial growth,especially in terms of providing raw

material production.


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Human resources also determine the

success of national development throughthe number and quality of the population.

Large population is a potential market to

market the result of production, while the

quality of the population determines how

much productivity there. , skills and

entrepreneurship needed to process raw

materials from nature, becomes somethingthat has a higher value (also known as the

production process).


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Meanwhile, human capital resourcesneeded to process these raw materials.Capital formation and investment aimed

to explore and cultivate wealth. Capitalresources in the form of capital goods isvery important for the development andfacilitation of economic developmentbecause capital goods can also increaseproductivity


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Noneconomic factors

include the culture of

social conditions that

exist in society, political,institutional, and

systems that develop andapply.


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Differences Economic Growth and

Economic Development

Economic Growth

Is the rise in product per capita in the long run

No attention to equitable distribution of income No attention population growth

May not necessarily improve peoples lives

Economic growth is not necessarilyaccompanied by economic development

Each input can produce more output


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ECONOMIC DEVELOPMENT Is a continuous process of change towards

improvements including an effort to increase

product per capita

Attention the distribution of income, including

distribution of development and its results

Attention into population growth

Improve peoples lives

Economic development has always beenaccompanied by economic growth

Each input in addition to producing more output

also changes in the institutional and technical


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Economic development thattakes place in a country

impact, both positive and

negative.


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Positive Impact of Economic

Development Through economic development, the implementation

of economic activities will run more smoothly and beable to accelerate the process of economic growth

The existence of economic development made possiblethe creation of jobs needed by the community, therebyreducing unemployment

The creation of jobs as a result of direct economicdevelopment can improve the level of nationalincome.


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NEGATIVE IMPACTOF ECONOMIC

DEVELOPMENT

The existence of economic

development are not well plannedresult in environmental damage,

Industrialization resulted in loss of

agricultural land.


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