[Pick the date] | Home | development | Economic development‚ achieved largely through productivity growth‚ is very important to both developed and developing nations. However‚ even though we know that higher productivity leads to improved economic outcomes there has been no consensus among researchers about either the desired path of development or the role of state in economic development. Concerning the path of development‚ Lall (2001) says that the appropriate strategy for any
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Economic development is the sustained‚ concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social inclusion‚ health‚ safety‚ literacy‚ and other initiatives. Economic
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Economic development is the increase in the standard of living in a nation’s population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy.[1][2] Also‚ if the local quality of life could be improved‚ economic development would be enhanced.[3] Its scope includes the process and policies by which a nation improves the economic‚ political‚ and social well-being of its people. Economic growth is the increase of per capita gross domestic product (GDP) or other measure
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ECONOMIC DEVELOPMENT‚ 1st definition - it is the sum of growth and change Growth vs. change: Growth - the increase in the kinds and quantities of the available resources Change - the rising standard of living Questions to ponder What is the difference between economic development and development? Which comes first‚ growth or change? Can an economy experience growth without change? TWO CONTEXT OF DEVELOPMENT National - development is a combined effort of both the national and
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Economic development generally refers to the sustained‚ concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social inclusion‚ health‚ safety‚ literacy‚ and other
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country‚ or "more developed country" (MDC)‚ is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly‚ the criteria for evaluating the degree of economic development are gross domestic product (GDP)‚ the per capita income‚ level of industrialization‚ amount of widespread infrastructure and general standard of living.[1] Which criteria are to be used and which countries can be classified as being developed
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Development Economics: 01:220:339:01 ¤ Rutgers University ¤ Professor Ira Gang Prerequisites: Intermediate Microeconomics‚ Intermediate Macroeconomics‚ Econometrics Email: gang at economics.rutgers.edu Include 339 in the subject line ¤ Course Materials Home ¤ Lecture Schedule‚ Exam Dates‚ Readings‚ Problems ¤ Requirements and Grading ¤ Learning Goals ¤ Exams‚ Rules‚ Advice ¤ Sample Exam Questions ¤ Course Structure & Prerequisites Sample Test Questions for Development Economics 339 Below are a
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Development Economics focus is on methods of promoting economic growth and structural change. The early proponents of development as a policy emerged with Keynesian Macroeconomics which encouraged the need for Government Intervention in order for economic growth to take place. This theory identified that fixed capital formation was a major source of economic growth and development. It also pointed out a need for a raise in domestic savings rate in the poor countries since savings led to investment
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ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of
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Renew the Energy Crisis: The Bright Future of Renewable Sources The growing energy crisis has drawn the whole world’s attention. Voices coming from various roles in society have offered speakers’ worries‚ warnings‚ and solutions. Among them‚ Richard Heinberg‚ a leading educator on peak oil‚ is regarded as the world’s most effective communicators of the urgent need to transition away from fossil fuels. In his book‚ The Party’s Over‚ Richard Heinberg emphasizes the emergent condition that energy resources
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