development economics

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Development Economics

The subset of economics concerned with improving the economic growth of low-income countries. Development economics may focus on how to implement infrastructure or develop the business environment for growth to take place. It also studies what government policies (if any) would promote growth. Development economics became a major field within economics in the latter part of the 20th century, as more former European colonies became independent.

development economics

the branch of economics that seeks to explain the processes by which a DEVELOPING COUNTRY increases in productive capacity, both agricultural and industrial, in order to achieve sustained ECONOMIC GROWTH.

Much work in development economics has focused on the way in which such growth can be achieved, for instance, the question of whether agriculture ought to be developed in tandem with industry, or whether leading industries should be allowed to move forward independently, so encouraging all other sectors of society. Another controversial question is whether less developed countries are utilizing the most appropriate technology. Many economists argue for intermediate technology as most appropriate rather than very modern plants initially requiring Western technologists and managers to run them. Socio-cultural factors are also influential in attempting to achieve take-off into sustained economic growth. See ECONOMIC DEVELOPMENT, INFANT INDUSTRY.

References in periodicals archive ?
The contributors examine developmental economics through the lens of psychology, consider development as a global policy objective dating from the 1940s, and present infrastructure as a subset of the notion of capital.
He earned a master of business administration from Harvard University in 1966 and went on to gain a diploma in developmental economics from Oxford University.
Global warming may cause forest growth patterns to change slowly, contends Brent Sohngen, associate professor of agricultural, environmental, and developmental economics.
edu/ Master's Specialization: Master's of Science in Agricultural, Environmental & Developmental Economics with a specialization in Agribusiness Management and Finance OKLAHOMA STATE UNIVERSITY Location: Stillwater, Oklahoma Contact Name/Title: Francis Epplin, Chair, Graduate Admissions Contact Phone: 405/744-7126 Contact E-mail: epplin@okstate.
Professor Isaac Ehrlich is a professor of Developmental Economics at the State University of New York at Buffalo and has researched in various parts of the world, including China, on economic and financial development.
He earned a bachelor of science degree from the University of Kentucky, a master's degree in business administration from the Harvard School of Business and a diploma in developmental economics from Oxford University.
Ira Gang is a professor of economics at Rutgers University and concentrates on developmental economics and international economics.
Zimmerman has published widely in the fields of developmental economics and child health and co-authored The ELEPHANT IN THE LIVING ROOM: Make Television Work for Your Kids.
The book is aimed at practitioners, policymakers, and academics in developmental economics, finance, gender studies, and public development policy.
Ably informed by economic theory and by the latest empirical research, and offering lucid expositions of the author's data and interpretations together with searching critiques of previous scholarship, this important book richly rewards any reader concerned with economic history, developmental economics, historical demography, or the history of early modern Europe in general.
Transition to the market system has been at the center of the stage of comparative and developmental economics since the Berlin Wall came down in 1989, but is generally ignored in this volume.
He is weak in developmental economics and foreign affairs.

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