Social Economic Development and the Human Resources Management Article

Social Economic Development and the Human Resources Management - Article Example As the paper declares  workplace conflicts are increasing rapidly in the firms which employ people of different backgrounds. Social development policies are aiming to increase collaboration, positive interaction and exchange of beliefs among the employees.   Ã‚  Ã‚  Ã‚  This study outlines that economic development on the other hand referred to growth of economic prosperity of the country or areas. Residents of the countries like USA, UK, China, India, Australia and many other developed and   developing countries are considering economic growth as one of the major responsibility. Financial growth and purchasing power parity are considered as the major indicators of the economic development. Countries are using the parameters like the gross domestic product, real national income, and per capita income in order to judge the economic capacity of the peoples. Economic development refers to more in depth boost of country capacity. Such development process is used by the nations in o rder to improving the economic, political, and social beneficiary of residents and other peoples involved.  GDP is mainly representing the total value of products and services within country borders yearly. Gross domestic income (GDI) is similar to GDP according to their functionality.  Mainly the strategy covers various employee welfare activities that are adopted by the organizations.  Various requirements of the personal lifestyles are required to be maintained in order to motivate and satisfy stakeholders.