Which of the following, according to the passage. is/are needed for the economic success of a country? (a)Cheap labour (b)Educated employees (c)Research institutions to cater to the needs of development ?->(Show Answer!)

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1. Which of the following, according to the passage. is/are needed for the economic success of a country? (a)Cheap labour (b)Educated employees (c)Research institutions to cater to the needs of development

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MCQ->Individuals, groups and leaders who promote human development operate under strong institutional, structural and political constraints that affect policy options. But experience suggests broad principles for shaping an appropriate agenda for human development. One important finding from several decades of human development experience is that focusing exclusively on economic growth is problematic. While we have good knowledge about how to advance health and education, the causes of growth are much less certain and growth is often elusive. Further, an unbalanced emphasis on growth is often associated with negative environmental consequences and adverse distributional effects. The experience of China, with its impressive growth record, reflects these broader concerns and underlines the importance of balanced approaches that emphasize investments in the non-income aspects of human development. With reference to till' above passage, consider the following statements: 1. In developing countries, a strong institutional framework is the only requirement for human development and policy options2. Human development and economic growth are not always positively inter-related.3. Focusing only on human development should be the goal of economic growthWhich of the above statements is/are correct ?....

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