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Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
"The Doctrine of Market Failure and Early Development Theory by Jeannette C. Mitchell" (PDF). History of Economics Review. "Positional Goods, Conspicuous Consumption and the International Demonstration Effect Reconsidered by Jefferey James". World Development, Vol. 15, No. 4, pp. 49–462,1987. Archived from the original on 2012-04-26
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
Rostow's model is descendent from the liberal school of economics, emphasizing the efficacy of modern concepts of free trade and the ideas of Adam Smith.It also denies Friedrich List’s argument that countries reliant on exporting raw materials may get “locked in”, and be unable to diversify, in that Rostow's model states that countries may need to depend on a few raw material exports to ...
Economic Development. Todaro is co-author of Economic Development, [4] the leading text in that field. It begins with Principles and Concepts, offering comprehensive treatments of institutions, comparative development, and traditional and new theories of development.
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...
Download as PDF; Printable version; In other projects ... Pages in category "Economic theories" ... Split labor market theory; The Strategy of Economic Development; T ...
The Strategy of Economic Development is a 1958 book on economic development by Albert O. Hirschman.Hirschman critiques the theories of balanced growth put forward by Ragnar Nurkse and Paul Rosenstein-Rodan, which call for simultaneous, large-scale increases in investment across multiple sectors to spur economic growth.