Economic development is not a stroke of luck, it’s a deliberate decision.

Sustainable economic development requires discipline, creativity, and long-term focus, according to Roberta Pierfederici, Policy Analyst at London School of Economics and Political Science.

Specifically, she highlights 4 requirements for sustainable economic development:

1️⃣ Investment in the right kinds of capital and infrastructure

2️⃣ Innovation and systems transformation

3️⃣ Policies to foster inclusivity

4️⃣ International cooperation

By focusing on these four pillars, Pierfederici says leaders can build organizations and communities that are both successful and can contribute positively to the world around us.

📰 In this week’s edition of In the Loop, we highlight 3 different stories of growth from 3 different countries. Each story shows how having a clear vision and strategy that embraces innovation and inclusivity can lead to long-term success.

How one New Jersey city became an investment magnet

🇺🇸 ELIZABETH, NJ — In the heart of New Jersey lies the industrial city of Elizabeth, a burgeoning metropolis under the leadership of Mayor James Christian Bollwage. Since assuming office in 1992, Bollwage has orchestrated a strategic transformation to steer the city toward economic prosperity.


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3 core values that shape Singapore's strong economy

🇸🇬 SINGAPORE, SG — It’s no accident the world’s most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism.

In an interview with GMI POST, Singapore International Chamber of Commerce CEO Victor Mills explained how Singapore achieved its world-famous economic strength.


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Visit Siem Reap 2024: Cambodia's next ace in tourism

🇰🇭 PHNOM PENH, KH — Cambodia, also known popularly as the Kingdom of Wonder, is regarded by the travel industry as among Southeast Asia’s most popular tourism destinations. With a blend of natural, cultural, and historical wonders, among them the 900-year-old Angkor Wat, a UNESCO World Heritage Site, the country offers well-preserved archeological sites, a vibrant urban scene, and relaxing tropical resorts.


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MORE FROM GMI POST
Northern California Business Report 2024:
How to Stage a Comeback

📌 The Northern California region is one of the fastest growing economies in the U.S., joining the Texas Triangle and Gulf Coast as the only three megaregions to grow their gross regional product at a compound annual rate greater than 5.0% since 2010.

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