Mr. Marcus Asay earned his Bachelor of Science in Business and Public Administration. Marcus Asay went on to matriculate at Thunderbird, The American Graduate School of International Management, where he earned his Master of Business Administration in 1982.

1. MARCUS ASAY Why Economic Development is required

2. Marcus Asay’s – Academic Mr.Marcus Asay earned his Bachelor of Science in Business and Public Administration. Marcus Asay went on to matriculate at Thunderbird, The American Graduate School of International Management, where he earned his Master of Business Administration in 1982.

3. Marcus Asay’s – Professional Mr.Marcus Asay began his impressive professional career as a dedicated undergrad student attending California State University, Sacramento. Having come a long way since his academic career, Marcus Asay today serves as a Principal of Planning and Development for IE/Cal Design & Development Center. With over 20 years of professional business experience under his belt, Marcus Asay has developed a solid reputation as an efficient leader with savvy business skills. As Principal of Planning and Development, Marcus Asay is responsible for the management of projects, such as the firm’s newest design proposal for a National Museum of African American History and Culture in Washington, D.C. Under Marcus Asay’s keen management, IE/Cal Design & Development Center has completed a number of projects, including Kira Japanese Restaurant, the Fresno Falcons’ Ice Hockey Arena, and Trump National, Golf & Gardens.

4. What is Economic Development? Basically, an economic development is a process of increase in the living standards in a country’s population with affirmed growth from a simple and low income economy to a modernized and high income one. In fact, if the quality of life gets improved to a certain level, then for sure the economic development of a nation would develop and enhance. The economical development scope covers different policies and processes, through which a country improvises and meliorates social, political and economical well being of its individuals.

5. Definition of Economic Development In accord to the Goncalo L Fonsesca, economic development is defined as the analysis of the economic evolution and development of different nations. The study and research done by social scientists concerning economic development significance embraces distinct theories based on the grounds of industrial economic modernization, waves of economic development, organizational and related panoramas of enterprise development in modernized societies. It also comprehends sociological research on enterprise development and business organization from a comparative as well as historical aspect, culturally related cross national similarities and un-similarities in industrial organization patterns in traditional western societies, management employee relations and specific procedures of evolution including both growth and modernization of markets. Involving a myriad of improvement indicators like life expectancy, literacy rates and poverty rates, economic development plays a crucial role in any nation. In fact the GDP doesn’t care about other perspectives including environmental quality, social justice, freedom, leisure time, though the substitute causes of well being have been offered and proposed.

6. Development and its Concern As per the University of Iowa’s center of international finance and development, “The term Economic development is often used by politicians, economists and others in the 20th century. Though, the conception has been in existence in the West since centuries. While discussing the topic, people uses terms like modernization, industrialization and westernization. No one is aware of economic development much, but agree that it is closely linked up with the development of capitalism and demise of feudalism”. A nation’s economic development is concerned with its human development and growth that also comprehends other things like health and education. All these factors are closely related with the economic growth of a particular nation, and if taken care of, then both growth and development can go together.

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