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Economic development has different meanings in different contexts. In rich countries, it is pretty much equated with growth. Picture the…
The 1980s saw the beginning of a backlash against too much state involvement in the economy. This was the era…
The United Nations declared the 1960s to be the decade of development. In 1961, it “called on all member states…
Economics classes rarely spend much time on history. But the brief history of development economics is instructive. Appreciating how economists…
Description of development economics • Evolution of development economics • Import substitution and export promotion • Market failures • Inseparability…
Improvements in education, health and nutrition are important for intrinsic reasons as source of pleasure to individuals – as well…
The ultimate objective of research on economic growth is to explain cross‐country differences in growth experience and to determine whether…
The necessary first step in introducing the field of development economics is to define the elusive concept of development. Sen won…
Applied economics is a field that applies of economic theories and principles to real-world situations with the desired aim of…
An economic growth rate is a measure of economic growth from one period to another using percentage terms. This measure…
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