General Knowledge · Economic and Social Development
Which of the following statements accurately characterizes the fundamental shift in modern development strategies compared to traditional economic-centric approaches?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They emphasize structural and cultural transformation aligned exclusively with Western societal models of modernity.
- 2They exclusively delegate the responsibility of socio-economic development to multinational corporations while eliminating government oversight.
- 3They prioritize rapid industrialization as the sole parameter for human welfare, strictly excluding non-state actors from governance processes.
- 4They recognize that development extends beyond economic progress to encompass social equity, environmental protection, human welfare, and participatory governance.✓
Correct answer
They recognize that development extends beyond economic progress to encompass social equity, environmental protection, human welfare, and participatory governance.
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