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  2. Economic development - Wikipedia

    en.wikipedia.org/wiki/Economic_development

    In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has ...

  3. 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 ...

  4. Rostow's stages of growth - Wikipedia

    en.wikipedia.org/wiki/Rostow's_stages_of_growth

    The development of one or more substantial manufacturing sectors with a high rate of growth; he indicates the leading sectors in the economy. Rostow regards the development of leading sectors as the 'analytical bone structure' of the stages of economic growth. There are generally three sectors of an economy: Primary Sector - Agriculture

  5. Community economic development - Wikipedia

    en.wikipedia.org/wiki/Community_economic_development

    Community economic development ( CED) is a field of study that actively elicits community involvement when working with government and private sectors to build strong communities, industries, and markets. [1] It includes collaborative and participatory involvement of community dwellers in every area of development that affects their standard of ...

  6. Local economic development - Wikipedia

    en.wikipedia.org/wiki/Local_economic_development

    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 ...

  7. The Strategy of Economic Development - Wikipedia

    en.wikipedia.org/wiki/The_Strategy_of_Economic...

    The Strategy of Economic Development. 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 ...

  8. Ragnar Nurkse's balanced growth theory - Wikipedia

    en.wikipedia.org/wiki/Ragnar_Nurkse's_balanced...

    The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. [1] [2] This will enlarge the market size, increase productivity, and provide an incentive ...

  9. Trade and development - Wikipedia

    en.wikipedia.org/wiki/Trade_and_development

    Trade and development. Trade can be a key factor in economic development. The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. Trade has been touted as an important tool in the path to development by prominent economists. However trade may not be a panacea for development as ...

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