Author(s): Anwar Sun
Economic development in low-income countries (LICs) faces numerous challenges, including poverty, inadequate infrastructure, and weak institutions. However, innovative development strategies that foster growth and reduce poverty can transform these economies. This article explores key economic development strategies in LICs, focusing on the role of innovation, industrialization, infrastructure investment, and human capital development. It also addresses the importance of inclusive policies that ensure equitable growth and poverty reduction. Drawing on successful case studies, the article highlights best practices and the policy implications for fostering sustainable development in LICs.