Economic development refers to the sustained, long-term growth of an economy, which involves increasing the production and distribution of goods and services, improving the standard of living, and reducing poverty. Achieving economic development typically involves a combination of policies and strategies that focus on promoting economic growth, encouraging job creation, reducing poverty and inequality, promoting trade and investment, and fostering good governance. Overall, achieving economic development requires a multifaceted approach that involves a range of policies and strategies aimed at promoting sustained economic growth, job creation, poverty reduction, and good governance.
We have read and shared a lot about how Mokokchung is not developing, economically or otherwise, at a pace that we’d all be proud of or at least be satisfied with. It can be said that we are in this situation today because we have not been investing in the aforementioned policies and strategies in the past 20 years or so. This seems to be the most plausible reason although there could be other explanations too.
As stated above, economic development requires a multifaceted approach but if we are to get down to the nuts and bolts of things, we can pinpoint two industries where we should have invested in the last 20 years – healthcare and education. Mention must be made here that it is not too late to develop the two industries so that the future of Mokokchung is brighter than it is today. Both healthcare and education are vast subjects and immensely big industries but let us narrow it down to hospitals and colleges.
The establishment of a hospital or college can have several positive impacts on the economic development of a township. Both industries bring about increased employment opportunities as they require a significant number of faculty and staff members, or healthcare professionals, administrative staff, and support staff. The establishment of such institutions can create employment opportunities for the local community, including both skilled and unskilled workers.
The establishment of a hospital leads to attracting patients and visitors from other towns and cities. Likewise, the establishment of an educational institution or university can attract students and visitors from other towns and cities. This can result in increased economic activity, as these individuals will require housing, food, and other services during their stay.
The presence of a good college or university can help develop a skilled workforce in the local community. This can lead to the establishment of new businesses and industries that require skilled workers, thereby promoting economic development. Universities and educational institutions are often at the forefront of research and innovation. This can lead to the development of new technologies and products that can be commercialized and benefit the local economy. The presence of a hospital can help develop a healthcare hub in the local community. This can lead to the establishment of new healthcare-related businesses and industries that require skilled workers, thereby promoting economic development.
We have seen a hospital and a college come up in Mokokchung during the last few years but we must find ways to ensure that more hospitals and colleges (or even a university) are opened if we want to accelerate economic development fast-forward. The diaspora of well-to-do people from Mokokchung are investing much in Kohima and Dimapur. Can we attract them to invest in their hometown?
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