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However, to ensure sustainable and inclusive growth, the country needs to focus on real
economic development and not just economic growth alone.
1. Inequality:
Economic growth alone does not address the issue of inequality, which is a major concern
in Tanzania. The country has a high level of poverty, with a large proportion of the
population living below the poverty line. This leads to unequal distribution of resources
and opportunities, hindering the growth and development of the country as a whole.
2. Job Creation:
Economic growth may lead to increased job opportunities, but it is not enough to ensure
that the majority of the population benefits from these new jobs. Real economic
development focuses on creating job opportunities for all, regardless of their level of
education or skill.
3. Infrastructure Development:
Infrastructure is crucial for economic growth, but it must be well-planned and equitable.
Real economic development should prioritize the development of infrastructure that is
inclusive, such as roads, schools, and hospitals that serve all parts of the country, not just
the urban areas.
4. Environmental Sustainability:
The pursuit of economic growth alone can lead to environmental degradation, which can
have negative impacts on the country's economy in the long run. Real economic
development takes into consideration the impact on the environment, and focuses on
sustainable development that protects the natural resources that are crucial for the
economy.
5. Human Development:
In conclusion, Tanzania needs real economic development to ensure that its growth is
sustainable, inclusive, and beneficial for all. This approach takes into consideration the social,
environmental, and human development aspects of the economy, ensuring that economic growth
leads to a better quality of life for all citizens.