Development Economics

Development Economics is a branch of economics which focus on methods of promoting economic growth and structural change in the developing and less developed countries. The study concentrates on applying economics theory and analysis to devise out methods to promote and improve health, level of education and workplace conditions.

Development economics also involves in developing the theories and methods that help in the formulation of policies and practices for overall improvement of living at both the domestic or international level.

Theories of Development Economics:

• Mercantilism
• Economic nationalism
• Post-WWII theories
• Linear-stages-of-growth model
• Structural-change theory
• International dependence theory
• Neoclassical theory