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Development Economics
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"We were taught to take
care of GNP as This will
take care of Poverty,
Let's reverse this and take
care of poverty as this
will take care of GNP"
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"No Society can surely
be flourishing and happy,
of which by far the greater
part of the numbers are
poor and miserable
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Development Economics:
Wikipedia
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Topics in Research |
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Development economics also includes
topics such as
Third World debt, and the functions
of such organizations as the
International Monetary Fund and
World Bank. Many economists in this
field are interested in ways of promoting
stable and sustainable growth in poor
countries and areas, by promoting self
reliance and education in some of the
lowest income countries in the world.
Where economic issues merge with social
and political ones, it is referred to
as
development studies.
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Source and
Copy Right Information:
Wikipedia
information about Development Economics.
This article is licensed
under the
GNU Free Documentation License.
It uses material from the
Wikipedia article "Development economics".
More
from
Wikipedia
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Development Economics:
Wikipedia
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Criticism |
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Per capita Gross
Domestic Product (GDP per head) is used
by many developmental economists as
an approximation of general national
well-being. However, these measures
are criticized as not measuring economic
growth well enough, especially in countries
where there is much economic activity
that is not part of measured financial
transactions (such as housekeeping and
self-homebuilding), or where funding
is not available for accurate measurements
to be made publicly available for other
economists to use in their studies (including
private and institutional fraud, in
some countries). Even though per-capita
GDP as measured can make economic well-being
appear smaller than it really is in
some developing countries, the discrepancy
could be still bigger in a developed
country where people may perform outside
of financial transactions an even higher-value
service than housekeeping or homebuilding
as gifts or in their own households,
such as counseling, lifestyle coaching,
a more valuable home decór service,
and time management. Even free choice
can be considered to add value to lifestyles
without necessarily increasing the financial
transaction amounts. More recent theories
of Human Development have begun to see
beyond purely financial measures of
development, for example with measures
such as medical care available, education,
equality, and political freedom. One
measure used is the
Genuine Progress Indicator, which
relates strongly to theories of
distributive justice. Actual knowledge
about what creates growth is largely
unproven; however recent advances in
econometrics and more accurate measurements
in many countries is creating new knowledge
by compensating for the effects of variables
to determine probable causes out of
merely correlational statistics.
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Source and
Copy Right Information:
Wikipedia
information about Development Economics.
This article is licensed
under the
GNU Free Documentation License.
It uses material from the
Wikipedia article "Development economics".
More
from
Wikipedia
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Development Economics:
Wikipedia
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Recent Development
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The most prominent contemporary development
economist is perhaps the
Nobel laureate
Amartya Sen. Recent theories revolve
around questions about what variables
or inputs correlate or effect economic
growth the most: elementary, secondary,
or higher education, government policy
stability, lack of trade barriers, fair
court systems, available infrastructure,
availability of medical care, prenatal
care and clean water, ease of entry
and exit into trade, and equality of
income distribution (for example, as
indicated by the
Gini coefficient), and how to advise
governments about macroeconomic policies,
which include all policies that effect
the economy. |
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Source and
Copy Right Information:
Wikipedia
information about Development Economics.
This article is licensed
under the
GNU Free Documentation License.
It uses material from the
Wikipedia article "Development economics".
More
from
Wikipedia
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