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In economics, the study of economic development was born out of an extension to traditional economics that focused entirely on the national product, or the aggregate output of goods and services. Economic development was concerned with the expansion of people's entitlements and their corresponding capabilities, such as morbidity , nourishment ...
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The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs.
Local economic development (LED) is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. Local economic development combines economic development activities, urban planning, infrastructure development and social development ...
Economic development research has currently identified five phases, or "waves" of economic development practice.The differences between these waves are shaped by historical factors, the economic climate during historical periods, and leaders' response to these forces, which over time have created five strategies that differ from their predecessors.
The Bureau for Research and Economic Analysis of Development (BREAD) is a professional association founded in 2002 to encourage research and scholarship in development economics. [1] The association organizes conferences and seminars, disseminates a working paper series, and maintains a network of fellows and affiliates.
There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of ...
The End of Poverty: Economic Possibilities for Our Time (ISBN 1-59420-045-9) is a 2005 book by American economist Jeffrey Sachs.It was a New York Times bestseller.. In the book, Sachs argues that extreme poverty—defined by the World Bank as incomes of less than one dollar per day—can be eliminated globally by the year 2025, through carefully planned development aid.