Comic Strip_Socio-economic Contribution
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- According to AEDA, Socio-economic development is the process of social and economic development in a society. Now I wanted to ask, what do you think are your roles in socio-economic development as Financial Management students?
- We will be responsible for financing projects or programs that could promote social and economic development in the future.
- That’s right! However, we will not only be able to promote it, but also accelerate socio-economic development. What else?
- Our role is also to improve the social and economic conditions.
- As future financial managers, we can help in shifting away from mobilizing savings, thus increasing the quantity of investment toward improving the efficiency of investment.
- By increasing in productive capacity such as using new technologies. But in order to use this technology at its value, finance departments need to have the right talents, with an appropriate mix of skills and knowledge.
- Yes, but how can you improve social and economic conditions?
- You nailed it! So you see, financial sector development plays a huge role in social and economic development because of the fact that socio-economic development depends on an efficient financial system.
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