Development economics

Development economics is a branch of economics which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels.

Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as inter-temporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods.

Unlike in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans. Also unlike many other fields of economics, there is no consensus on what students should know. Different approaches may consider the factors that contribute to economic convergence or non-convergence across households, regions, and countries.

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Latest News for: development economics

NA deputies debate supplements to 2025 socio-economic development plan

Vietnam News 14 Feb 2025
Legislators are scheduled to discuss in group a supplementary plan for socio-economic development this year, which aims for a growth rate of at least eight per cent, at the ongoing ninth extraordinary session on Friday.

China to inject greater confidence and momentum into global economic growth: FM

People Daily 14 Feb 2025
As the package of incremental policies takes effect, China will inject greater confidence and momentum into global economic growth with its own high-quality development and high-level opening-up, Guo added.

AI innovation is empowering China's high-quality development

China.dot.org 14 Feb 2025
This trend is not only fostering the development of new quality productive forces but also paving the way for advanced productivity to break free from traditional economic growth models.

5% GDP growth shows nation’s determination, confidence

People Daily 14 Feb 2025
China's GDP grew by 5 percent in 2024, surpassing 130 trillion yuan ($17.82 trillion) for the first time, successfully achieving pre-set key economic and social development goals ... China's development.

UAE leverages BRICS membership to boost global trade resilience, infrastructure development

People Daily 14 Feb 2025
He noted that the UAE has positioned itself as a logistics hub for BRICS by developing multimodal trade routes that cut transit times and unlock economic growth opportunities.

MAKAU MUTUA: Why Raila Odinga’s election as AU Commission chair will benefit SA

Business Day 14 Feb 2025
Through his focus on establishing regional collaboration, economic self-sufficiency and progress in human development, he would help SA, and the rest of Africa, to overcome obstacles and reach its maximum potential.

Samsung Việt Nam leader honoured for contributing to Việt Nam-RoK diplomatic relations

Vietnam News 14 Feb 2025
Samsung’s strategic expansion of high-tech investment in Việt Nam will play a crucial role in advancing the country’s key socio-economic development goals ... to the country’s socio-economic development.

China's consumption boom presents opportunities for all countries: foreign ministry

People Daily 14 Feb 2025
The prosperity of China's consumer market signifies not only a recovery in demand but also improved confidence in China's economic development, he said ... development and high-standard opening up.

Business regulations need to be trimmed for development of enterprises

Vietnam News 14 Feb 2025
A report on the supplementary socio-economic development plan for 2025 highlighted that some sectors still face challenging production and business conditions, while the recovery of market purchasing power remains slow.

Buffalo Grove Candidates Seeking Reelection Tout Flat Village Tax Levy

Journal Online Chicago 14 Feb 2025
“While not as visible as some other developments, this is real economic development that provides for a broad and sustainable economic base for the village now and in the future,” Ottenheimer said.

Jeffrey Sachs: Trump's tariff policy bound to fail

China Daily 14 Feb 2025
"China is well-placed to help the entire developing world to achieve rapid economic growth and to make the successful transformation to AI, digital connectivity, advanced robotics, and decarbonized energy systems.

(Gallery) Industries celebrated at annual event

Cullman Times 14 Feb 2025
Those who make Cullman County one of the top areas in the state for industry recruitment, growth and development gathered to celebrate the economic accomplishments ...

All eyes on IFC chief visit amid $20bn boost for Pakistan’s private sector

The News International 14 Feb 2025
Recognised among the 100 Most Influential Africans, Diop’s leadership is synonymous with bridging economic gaps and advancing sustainable development. Diop’s trip, Shah said, signals a strategic pivot towards Pakistan amid global economic headwinds.

AI presents untapped potential in Africa

China Daily 14 Feb 2025
Experts at the Africa Tech Summit being held in Nairobi between Wednesday and Thursday have urged breaking down barriers that limit the development of AI in Africa to leapfrogging economic development.

Q&A: China well-placed to help the entire developing world

China Daily 14 Feb 2025
China is well-placed to help the entire developing world to achieve rapid economic growth and to make the successful transformation to AI, digital connectivity, advanced robotics, and decarbonized energy systems.
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