Image for New Economic Model

New Economic Model

The New Economic Model refers to a set of updated policies and strategies designed to promote sustainable growth, innovation, and fairness in a country's economy. It often emphasizes transitioning from heavy reliance on traditional industries to newer, more dynamic sectors like technology and services. The model also aims to improve income distribution and environmental sustainability while fostering a more resilient economy capable of adapting to global changes. Overall, it seeks balanced development that benefits both the economy and society, ensuring long-term stability and prosperity.