Development economics is a branch of economics that focuses on improving fiscal, economic, and social conditions in developing countries.....
Development economics considers factors such as health, education, working conditions, domestic and international policies, and market condition with a focus on improving conditions in the world's poorest countries.
The field also examines both macroeconomic and microeconomics factors relating to the structure of developing economies, and domestic and international economic growth. Macroeconomics refers to broadly influencing factors such as interest rates, whereas microeconomics relates to individual influences.
Development Economics Explained
Development economics studies the transformation of emerging nations into more prosperous nations. Strategies for transforming a developing economy tend to be unique because the social and political backgrounds of countries can vary dramatically.
Students of economics and professional economists create theories and methods that guide practitioners in determining practices and policies that can be used and implemented at the domestic and international policy level.
Some aspects of development economics include determining to what extent rapid population growth helps or hinders development, the structural transformation of economies, and the role of education and health care in development. They also include international trade and globalization, sustainable development, the effect of epidemics such as HIV and AIDS, and the impact of catastrophes on economic and human development.
Prominent development economists include Jeffrey Sachs, Hernando de Soto Polar, and Nobel Laureates Simon Kuznets, Amartya Sen and Joseph Stiglitz.
No comments:
Post a Comment