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
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good
The End of Poverty: Economic Possibilities for Our Time
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics
How Asia Works: Success and Failure in the World's Most Dynamic Region
Development as Freedom
The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It
From Third World to First: A Statesman’s Powerful Story of Transformation from Poverty to National Leadership
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
More Than Good Intentions: How a New Economics Is Helping to Solve Global Poverty
The Great Escape: Health, Wealth, and the Origins of Inequality
MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975

The stories of failure are commonplace. Reporting that, five years after locating there, IBM fired most of its employees in Dubuque and Columbia despite a combined $84 million in tax breaks, the author of a Bloomberg News story noted that this scenario has 'played out often across America: Big company comes to town, provides boost to the local economy and then leaves.' The Kelo case ended similarly: New London provided Pfizer with significant subsidies only to see the company depart a few years ...more
Richard Schragger

Nicholas Carr
Noting that the rise in IQ scores “is concentrated in nonverbal IQ performance,” which is “mainly tested through visual tests,” she attributed the Flynn effect to an array of factors, from urbanization to the growth in “societal complexity,” all of which “are part and parcel of the worldwide movement from smaller-scale, low-tech communities with subsistence economies toward large-scale, high-tech societies with commercial economies.” We’re not smarter than our parents or our parents’ parents. We ...more
Nicholas Carr, The Shallows: What the Internet Is Doing to Our Brains

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