Advise on economic development

Advise organisations and institutions on the factors and steps they could take which would promote and ensure economic stability and growth.

instruct on economic development
help with fiscal policy
recommend economic progress
commend economic development
instruct on economic progress
help with economic development
recommend economic development
commend economic progress

skill/competence

cross-sector

Advise on economic development is an essential skill of the following occupations:

Business economics researcher: Business economics researchers conduct research on topics regarding economy, organisations, and strategy. They analyse macroeconomic and microeconomic trends and use this information to analyse the positions of industries or specific companies in the economy. They provide advice regarding strategic planning, product feasibility, forecast trends, emerging markets, taxing policies, and consumer trends.
Regional development policy officer: Regional development policy officers research, analyse and develop regional development policies. They implement policies that aim at reducing regional disparities by fostering economic activities in a region and structural changes such as supporting multi-level governance, rural development and improvement of infrastructure. They work closely with partners, external organisations or other stakeholders and provide them with regular updates.
Economic policy officer: Economic policy officers develop economic strategies. They monitor aspects of economics such as competitiveness, innovation and trade. Economic policy officers contribute to the development of economic policies, projects and programs. They research, analyse and assess public policy problems and recommend appropriate actions.
Economic adviser: Economic advisers research economic developments and advise on economic problems. They forecast trends and behaviour in economics, and advise on finance, trade, fiscal and other related matters. They advise companies and organisations on techniques to gain economic profit.
Economic development coordinator: Economic development coordinators outline and implement policies for the improvement of a community’s, government’s or institution’s economic growth and stability. They research economic trends and coordinate cooperation between institutions working in economic development. They analyse potential economic risks and conflicts and develop plans to resolve them. Economic development coordinators advise on the economic sustainability of institutions and economic growth.

Advise on economic development is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Community development officer: Community development officers develop plans to improve quality of life in local communities. They investigate and assess the community’s issues and needs, manage resources, and develop implementation strategies. They communicate with the community for investigation purposes, and to inform the community on development plans.
Economist: Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.
Central bank governor: Central bank governors set the monetary and regulatory policy, determine interest rates, maintain price stability, control the national money supply and issuance and foreign exchange currency rates and gold reserves. They oversee and control the banking industry.
Policy officer: Policy officers research, analyse and develop policies in various public sectors, and shape and implement these policies to improve the existing regulation around the sector. They evaluate effects of existing policies and report findings to the government and members of the public. Policy officers work closely with partners, external organisations or other stakeholders and provide them with regular updates.

References

1. Advise on economic development – ESCO