Economic Development Research Paper Example | Topics and Well Written Essays - 250 words - 1

Economic Development - Research Paper Example Economic development is important in regard to urban planning. Vibrant economic development is deeply rooted in optimal resource allocation and coordination of productive activities in an economy. Economic development transfers these attributes to urban planning, thereby enhancing its efficacy and contribution to national goals of economic welfare. Economic development also fosters the interrelationship of different sectors of the economy. Urban planning is undertaken by metropolitan authorities under planning bodies of the larger governance. It therefore outlines an indication of the position of urban planning prior to the desired land use patterns. Policy makers have considerations to make in regard to infrastructure requirements. Diversity and dynamism of both local and international infrastructure requirements require that policy makers assess both local and international infrastructure demands in order to come up with viable plans and projects that account for these requirements in the short run and the long run (Levy 257). Social, economic and political factors should characterize policy makers’ considerations in the context of infrastructure