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

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 policy of the …

A great deal has been learned about the types of economic policies that are conducive to rapid economic development. Rates of growth of per capita income experienced by the developing …

economic development, Process whereby simple, low-income national economies are transformed into modern industrial economies.

Economic growth is usually distinguished from economic development, the latter term being restricted to economies that are close to the subsistence level. The term economic growth is applied to …

The increasing capacity of a developing country’s entrepreneurs to adapt their resources and internal economic organization to the pressures of world-market demand and international competition is a …

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 through …

Dec 12, 2025 · Organisation for Economic Co-operation and Development (OECD), international organization founded in 1961 to stimulate economic progress and world trade.

Nov 8, 2025 · Sustainable development, approach to social, economic, and environmental planning that attempts to balance the social and economic needs of present and future human generations with …

Development involves innumerable variables, including economic, social, political, gender, cultural, religious, and environmental factors. But though development theory integrates concepts and …