Economic Development

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.

Whereas economic development is a policy intervention endeavor with ai

Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics
The End of Poverty
The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good
The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor
More Than Good Intentions: How a New Economics Is Helping to Solve Global Poverty
How Asia Works: Success and Failure in the World's Most Dynamic Region
Development as Freedom
Kicking Away the Ladder: Development Strategy in Historical Perspective
Poor Numbers: How We Are Misled by African Development Statistics
The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor
Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

Social entrepreneurship is about disrupting existing markets that aren’t working, and creating new ones to improve the status quo.
Oscar Auliq-Ice

Raymond Aron
The so-called socialist societies rediscover, under modified forms, the necessities inherent in any modern economic system. There, just as under capitalism, the ‘boss class’ lays down the law. (...) Up to now the planners, by reason of penury and of the decision to develop economic power as rapidly as possible, have not concerned themselves either with the productivity of the various investments or with the consumers’ preferences. It will not be long before they experience the perils of slump an ...more
Raymond Aron, The Opium of the Intellectuals

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Economic Development 12th edition by Todaro and Smith Test Bank
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