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  2. Rostow's stages of growth - Wikipedia

    en.wikipedia.org/wiki/Rostow's_stages_of_growth

    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 ...

  3. Evolutionary economics - Wikipedia

    en.wikipedia.org/wiki/Evolutionary_economics

    Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...

  4. Geography of finance - Wikipedia

    en.wikipedia.org/wiki/Geography_of_finance

    However, the geography of finance is now gaining individual focus, especially as the link between the financial economy and the real economy is losing strength. [11] This is emphasized by the existence of economic bubbles and the fact that the value of financial transactions is often multiple times larger than the real economy.

  5. Economic geography - Wikipedia

    en.wikipedia.org/wiki/Economic_geography

    More specifically, Evolutionary Economic Geography uses concepts and ideas from evolutionary economics to understand the evolution of cities, regions, and other economic systems. [6] Critical economic geography is an approach taken from the point of view of contemporary critical geography and its philosophy.

  6. Development economics - Wikipedia

    en.wikipedia.org/wiki/Development_economics

    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 ...

  7. Endogenous growth theory - Wikipedia

    en.wikipedia.org/wiki/Endogenous_growth_theory

    The AK model, which is the simplest endogenous model, gives a constant-savings rate of endogenous growth and assumes a constant, exogenous, saving rate. It models technological progress with a single parameter (usually A). The model is based on the assumption that the production function does not exhibit diminishing returns to scale.

  8. History of macroeconomic thought - Wikipedia

    en.wikipedia.org/wiki/History_of_macroeconomic...

    The IS/LM model focused on interest rates as the "monetary transmission mechanism," the channel through which money supply affects real variables like aggregate demand and employment. A decrease in money supply would lead to higher interest rates, which reduce investment and thereby lower output throughout the economy. [ 52 ]

  9. Economic development - Wikipedia

    en.wikipedia.org/wiki/Economic_development

    Economic development practitioners generally work in public offices on the state, regional, or municipal level, or in public-private partnerships organizations that may be partially funded by local, regional, state, or federal tax money. These economic development organizations function as individual entities and in some cases as departments of ...