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About Lesson 2 - Defining of Development Economics (First Part)
This document provides an introduction to key concepts in development economics. It defines development as sustained improvements in well-being, especially for poor people, along multiple dimensions such as consumption, activities, vulnerability, and expectations. It discusses how households interact through both market and non-market institutions and forums to determine well-being. Economic growth is necessary for development to be fully successful by raising incomes, while ensuring benefits reach poor and vulnerable groups. However, growth does not guarantee improved well-being for all, so careful policymaking is required to address market imperfections and ensure growth's benefits are widely shared.
Detailed Information
| Author: | ['Rose Rabo'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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