What Are the Different Types of Economic Development Strategy?

World economic development strategy refers to the overall plan for world economic development. It is divided into two types: (1) The theory of economic growth is an economic development strategy of developed countries. The goal of the economic growth strategy is a high growth rate of gross national product and national income. Mainly include: high consumption and high welfare; development of world markets; relying on three basic strategies of science and technology. (2) Development economics is an economic development strategy of developing countries. According to the purpose of production, it can be divided into two types: one is the "take-off strategy" that pursues the rapid growth of GDP; the other is the "applicable strategy" that meets the basic needs of the people. ^[1]