The theory of economic development—how primitive and poor economies can evolve into sophisticated and relatively prosperous ones—is of critical importance to underdeveloped …

An adequate infrastructure is a prerequisite to economic development. Transportation and communications are important in developing and strengthening social, political, and …

3 days ago · The state controls all means of production, and the government sets priorities and emphases in economic development. Since 1954, economic policy has been promulgated …

Most development theory equates development with national economic growth and sees the state as its primary agent; consequently, one of its central concerns is to understand and explain the …

Nov 8, 2025 · Sustainable development is a process of social advancement that accommodates the needs of current and future generations and that successfully integrates economic, social, …

The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of …

Theories of economic development—the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries with diversified economies—are of critical …

In this field the economist is concerned with the extent to which the factors affecting economic development can be manipulated by public policy.

A broad survey of these theories, under three main heads, is given below. It is particularly relevant to the debate over whether the underdeveloped countries should seek economic development …

They also study economic growth, or how a nation’s wealth becomes larger. Governments are interested in macroeconomics, too. A government plays an important role in its country’s …