The theory of economic development—how primitive and poor economies can evolve into sophisticated and relatively prosperous ones—is of critical importance to underdeveloped …

Poverty Reduction, Investment, Growth: The field of development economics is concerned with the causes of underdevelopment and with policies that may accelerate the rate of growth of …

Since then, economic development has spread in widening circles to other parts of the world, spurred on by a series of technological innovations, particularly in the form of improvements in …

Agricultural development is important because it raises the incomes of the mass of the people in the countryside; in addition, it increases the size of the domestic market for the manufacturing …

Sep 29, 2025 · Sustainable development, approach to social, economic, and environmental planning that attempts to balance the social and economic needs of present and future human …

A broad survey of these theories, under three main heads, is given below. It is particularly relevant to the debate over whether the underdeveloped countries should seek economic development …

In this field the economist is concerned with the extent to which the factors affecting economic development can be manipulated by public policy.

Economic historians have attempted to develop a theory of stages through which each economy must pass as it grows. Early writers, given to metaphor, often stressed the resemblance …

For example, Japan developed an extensive foreign aid program—an outgrowth of its reparations payments made following the war—that provided assistance primarily to Asian countries. …

Early development policy therefore focused on raising resources for investment. Steps toward this end were highly successful in most developing countries, and savings ratios rose to the 15–25 …