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Economic Development

Economic development (JEL O1) covers the economics of developing countries and the development process.

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Scope

It includes poverty and development, structural change, agriculture and industry in development, and development outcomes.

Sub-topics

Core questions

  • What drives or hinders economic development?
  • How do developing economies transform?
  • How are development outcomes improved?

Key concepts

  • Structural transformation
  • Poverty
  • Dual economy
  • Industrialization
  • Development outcomes

Related topics

Frequently asked questions

What is economic development?
The process by which low-income economies raise living standards through growth, structural change, and improved capabilities.

Methods for this concept

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