Briefly Defined Economic Development
Economic development is the process by which a nation improves the economic and social well-being of its people.
Development economics attempts to explore some of the economic challenges peculiar to some of the poorest countries in the world. You will investigate the factors that have led to this global inequality, and analyse some of the forms of market and government failure that may have contributed to the situation.
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| Development Economics |
As part of this study program, you will see the way in which economics can help our understanding of some of the major challenges:
- to what extent does rapid population growth help or hinder development?
- how can less-developed countries achieve sustainable development?
- what is the role of education and health care provision in contributing to the process of development?
By studying development economics, you will have the opportunity to apply the tools of economic analysis to the problems and challenges facing less-developed countries, and to begin to understand why some countries have been able to go through a process of economic and human development whilst others have languished.
Development economics faces up to these questions and shows you how to apply economic analysis in a variety of situations of global significance. Development economics can draw on theory that you may have encountered in both micro and macro modules, and combine this with evidence from poorer countries.
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