What is economic development consulting?

Answer 1

Greetings:

Economics Development Consulting is advising either companies or governments/institutions on the best way to enhance development measured either by FDI (Foreign Direct Investment), GINI (income inequality), GDP, and or trade. These are usually the best indicators to measure economic development in a given country. Often times, advising on reducing corruption (measured by the CPI (Corruption Perception Index), Business Risk analysis and increasing effective institutions that help support privatization and FDI is the key to the best economic development. Let me know if you want further clarification::)) -Professor Asiya D.

Answer 2

I have worked as an “expert” (consultant) for the World Bank and the United Nations. In those organizations, economic development projects were designed and implemented by teams of “experts”, financed by international financial institutions.

Those projects tried to increase the production of the country and improve the quality of life of the population. Some examples in which I participated were: farm productivity improvement, incentives to small and medium size companies, water and sewage systems, and new machinery in electric utilities.