Elements of a development strategy

  • Choice of production method, be it labour intensive, capital intensive or appropriate technology.
  • The rate of capital accumulation - either through foreign aid, consumption or investment.
  • The industrial development strategy e.g. import substitution or export promotion.
  • Resource ownership - either by the private or public sector or both (mixed economy, for the case of Uganda).
  • The objectives to be achieved; this could be an increase in employment opportunities, reduction in income inequality, diversification, self reliance.
  • Choice of the leading sector which could be agriculture, industry or infrastructure.
  • The planning of production; which sector is dominant? The public sector, the private sector or probably joint venture.

The need to employ appropriate development strategies is to:

  • Avoid external factors responsible for underdevelopment.
  • Reduce dependence on foreign capital.
  • Transform the distorted structures of the economy.
  • Engage effective state intervention through: Cooperatives, Manpower and skill development and development of infrastructure, diversification ,extension services, Appropriate strategies in industry be it import substitution or promotion, large-scale or small-scale, backward or forward strategies and along a big push or an unbalanced growth strategy.
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