What is a bottom-up economic development strategy?
Does anyone know what it is?
Answer:
Where you concentrate your policy on the poor. The thinking being if you give to the people at the bottom they are most likely to spend. They spend at businesses owned by more well off people. So the money works its way up.
Or it could just mean that you listened to the ordinary people when you made your strategy.
The opposite is trickle down. Giving to the rich and they invest it, and build more businesses and give jobs to the poor.
the money is given to those who spen it an dit moves up the economy. opposite of trickle down economics.
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Answer:
Where you concentrate your policy on the poor. The thinking being if you give to the people at the bottom they are most likely to spend. They spend at businesses owned by more well off people. So the money works its way up.
Or it could just mean that you listened to the ordinary people when you made your strategy.
The opposite is trickle down. Giving to the rich and they invest it, and build more businesses and give jobs to the poor.
the money is given to those who spen it an dit moves up the economy. opposite of trickle down economics.
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