Introduction to Development Economics:

Economics and Development Economics:

The study of economic development is one of the newest, most dashing and most attracting branches of the broader disciplines of economics and political economy. Continue reading.

Nature of Development Economics:

The Traditional Economics deals basically with the efficient, least cost allocation of scarce productive resources and with the optimal growth of these resources overtime so as to produce an ever-expanding range of goods and services. Continue reading.

Reasons for Studying Development Economics:

Here we shall concentrate upon that what is the need behind studying development and what is to be studied in development economics: Continue reading.

Are There Principles of Development Economics?

Development Economics is neither traditional neo-classical economics, nor it is political economy, it is just a body of economic principles and generalizations which can be employed to remove the poverty of the poor nations. Continue reading.

Why All the Countries are not Developed Alike?

In the World's Development Report of 1995 it was said that more than three-fourth of world's population lives in poor and less developed countries but they get just 16% of world's income whereas the 20% richest of the world live in developed countries and they are getting 85% of the world's income. Continue reading.

Historical Overview of World Development:

It is commonly said that the economic development started after the year 1800. In this respect Angus Maddison who was an economic historical analyzed the world economy from the Year 1820 to 1992. According to him: Continue reading.