The theory of economic development—how primitive and poor economies can evolve into sophisticated and relatively prosperous ones—is of critical importance to underdeveloped countries, and it is …

West Springfield, town (township), Hampden county, southwestern Massachusetts, U.S. It lies along the Westfield and Connecticut rivers opposite Springfield and Chicopee. It was settled about 1660 and …

The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of policy of the …

Since then, economic development has spread in widening circles to other parts of the world, spurred on by a series of technological innovations, particularly in the form of improvements in transport and …

The increasing capacity of a developing country’s entrepreneurs to adapt their resources and internal economic organization to the pressures of world-market demand and international competition is a …

Economic growth is usually distinguished from economic development, the latter term being restricted to economies that are close to the subsistence level. The term economic growth is applied to …

Theories of economic development—the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries with diversified economies—are of critical importance …

In this field the economist is concerned with the extent to which the factors affecting economic development can be manipulated by public policy.

Nov 8, 2025 · The intellectual underpinnings of sustainable development lie in modern natural resource management, the 20th-century conservation and environmentalism movements, and progressive …

A broad survey of these theories, under three main heads, is given below. It is particularly relevant to the debate over whether the underdeveloped countries should seek economic development through …