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.
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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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
For more information about Development Economics courses, visit the course website:
Esther Duflo is a Research Associate in the NBER'S Programs on Children, Education, and Aging and is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in MIT's Economics Department.
Nova Science staff editor Rocha has assembled these research papers on the emerging field of development economics, which studies the methods for promoting growth within developing countries while addressing the rapid changes in the standard of living.
The Institute of Agricultural Resource Economics will comprise three departments including Agriculture Economics Department, Environment & Resource Economics Department and Development Economics Department.
He also serves as associate editor of the Journal of Development Economics and as a panel member of Latin America's Economia journal.
Development economics; its position in the present state of knowledge.
Development Economics: A New Paradigm, New Delhi: Sage Publications, 1993, 208 pages, Indian Rs 200.00.
ISLAMABAD, February 26, 2010 (Balochistan Times ): Report of the Senate Standing Committee on Finance, Revenue, Economic Affairs and Statistics and Planning and development on the Bill to grant degree awarding status to the Pakistan Institute of Development Economics (The Pakistan Institute of Development Economics Bill, 2010) was presented in the Senate on Friday.
Annual World Bank Conference on Development Economics (2003: Paris, France) Ed.
Her research has been published in a wide variety of academic journals including the Review of Economic Studies, Econometrica, the Journal of Development Economics, and the Journal of Industrial Economics.
Prepared by Sabiha Ibrabim, Faculty Member, Pakistan Institute of Development Economics, Islamabad.

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