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Development economics is a branch of economics that deals with the study of macroeconomic causes of long term economic growth, and microeconomica; the incentive issues of individual households and firms, especially in developing countries. This may involve using mathematical methods from dynamical systems like differential equations and inter-temporal optimization, or it may involve a mixture of quantitative and qualitative methods. Unlike classical economics, development economics incorporates social and political strategies to devise particular plans for development in third world countries. In this way, development economics does not rely simply on classical economic theory.

Topics of Research


Development economics also includes topics such as Third World debt, and the functions of such organisations as the International Monetary Fund and World Bank. Many economists in this field are interested in ways of promoting stable and sustainable growth in poor countries and areas, by promoting self reliance and education in some of the lowest income countries in the world. Where economic issues merge with social and political ones, it is referred to as development studies.

Criticisms


Per capita Gross Domestic Product (GDP per head) is used by developmental economists as an approximation of general national well-being. However, these measures are criticized as not measuring economic growth well enough, especially in countries where there is much economic activity that is not part of measured financial transactions (such as housekeeping and self-homebuilding), or where funding is not available for accurate measurements to be made publically available for other economists to use in their studies (including private and institutional fraud, in some countries). Even though per-capita GDP as measured can make economic well-being appear smaller than it really is in some developing countries, the discrepancy could be still bigger in a developed country where people may perform outside of financial transactions an even higher-value service than housekeeping or homebuilding as gifts or in their own households, such as counseling, lifestyle coaching, a more valuable home decór service, and time management. Even free choice can be considered to add value to lifestyles without necessarily increasing the financial transaction amounts. More recent theories of Human Development have begun to see beyond purely financial measures of development, for example with measures such as medical care available, education, equality, and political freedom. One measure used is the Genuine Progress Indicator, which relates strongly to theories of distributive justice. Actual knowledge about what creates growth is largely unproven; however recent advances in econometrics and more accurate measurements in many countries is creating new knowledge by compensating for the effects of variables to determine probable causes out of merely correlational statistics.

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Economic Development :: International Business and Trade
Economic Development Agencies :: Commercial
Sustainable Development :: Environment
Aid and Development :: Global
Organization for Social Development

 
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Adam Smith's Economics: Its Place in the Development of Economic Thought - by Maurice Brown - Routledge. http://bit.ly/8JqDXT
economics_book (New Economics Books) Wed, 16 Dec 2009 06:54:46 -0000
Adam Smith's Economics: Its Place in the Development of Economic Thought - by Maurice Brown - Routledge. http://bit.ly/8JqDXT
Adam Smith's Economics: Its Place in the Development of Economic Thought - by Maurice Brown - Routledge. http://tinyurl.com/ybyxnlp
business_book (New Business Books) Wed, 16 Dec 2009 03:58:04 -0000
Adam Smith's Economics: Its Place in the Development of Economic Thought - by Maurice Brown - Routledge. http://tinyurl.com/ybyxnlp
RT @tunkuv: Tiger Woods &...development economics! http://bit.ly/4Rco3M
paulsdavis (Pauls Davis) Wed, 16 Dec 2009 00:48:54 -0000
RT @tunkuv: Tiger Woods &...development economics! http://bit.ly/4Rco3M
RT @tunkuv: Tiger Woods &...development economics! http://bit.ly/4Rco3M
indiaeyeopener (Vikram Kumar) Tue, 15 Dec 2009 15:26:58 -0000
RT @tunkuv: Tiger Woods &...development economics! http://bit.ly/4Rco3M
Tiger Woods &...development economics! http://bit.ly/4Rco3M
tunkuv (tunku varadarajan) Tue, 15 Dec 2009 14:44:40 -0000
Tiger Woods &...development economics! http://bit.ly/4Rco3M
@alshalloway I believe managers understand better Agile. But only if we explain to them the Economics of Agile Development
josepapo (José Papo, MSc) Tue, 15 Dec 2009 11:50:14 -0000
@alshalloway I believe managers understand better Agile. But only if we explain to them the Economics of Agile Development

 
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American Community Network - ACN is a searchable database of demographic and economic statistics for every county and metro area in America, along with links to economic development sites.

Asian Productivity Organization - An inter-governmental regional organization established by Convention in 1961 to oversee productivity development in 18 countries throughout Asia and the Pacific.

Bretton Woods Project - Works to monitor and reform the World Bank and IMF. Tracks key policy statements and reports, and provides critiques and early warnings used by non-governmental organisations across the world.

Briefings on Development and Gender (BRIDGE) - Provides tailor-made briefings on gender issues on request. BRIDGE briefings present state of the art research findings, review current policy debates, synthesise best practice and evaluate strategies for translating gender policies into practice.
Meta Description: [ Bridge Gender Mainstreaming ]

Debt Relief International - UK-based non-profit organisation established in order to assist Heavily Indebted Poor Countries (HIPCs) to manage their own debt strategy and analysis, without having to rely on international technical assistance.
Meta Description: [ Welcome to the web site of Debt Relief International ]

Development and Culture at UNESCO - Aims to stimulate a process of world wide reflection on how cultural policies could be integrated into development strategies.

Development Information Online - Devline provides information services and systems for development professionals and for everyone else working on issues of economic, social and sustainable development.

Economic Development Directory - Directory of economic development agency web sites listed by geographical location.
Meta Description: [ Directory of economic development websites of over 2000 economic development agencies and consultants worldwide. Regularly updated economic development links and information for buyers, sellers, real estate departments, brokers and consultants ]

Economic Development Network - Providing data on communities that want economic development to companies and entrepreneurs planning facilities location or site selection projects.
Meta Description: [ ... an economic development network website with resources, tools, guides -- a free-access, nonpartisan, enterprise and economic development directory ... ]

Economic Development, Technological Change and Growth - WebEc - Provides list of links to collections, institutions, and publications.
Meta Description: [ This page in WebEc contains links to and descriptions of WWW resources related to Economic Development, Technological Change and Growth ]

Economic Growth Research - Political, economic, and social data on the history of developing countries' and their prospects, from the World Bank Research Department. Includes research papers on economic growth and development, and development novel of the month.

Economic Growth Resources - Helping economic growth and development researchers make the most of the internet. Maintained by Jonathan Temple and hosted by Nuffield College, Oxford.
Meta Description: [ A guide to Jonathan Temple's research ]

EDIRC, Economic Development - Economics Departments, Institutes and Research Centers presents an attempt by Christian Zimmermann of the Center for Research on Employment and Economic Fluctuations, University of Quebec to index all Economic Development web sites.
Meta Description: [ Central index of economics institutions (academic, governmental and non-profit) in Economic Development. ]

Harvard Institute for International Development - Harvard University's multidisciplinary center for coordinating development assistance, training, and research on Africa, Asia, Central and Eastern Europe, and Latin America.

Information for Development in the 21st Century - ID21 is a fast-track research reporting service aiming to make policymakers aware of the latest British development research findings.

Inter-American Development Bank - provides funds for economic and social development in Latin America and the Caribbean.
Meta Description: [ Information about the IDB Group and its activities, organization, members and partners, employment opportunities, locations and contacts. ]

International Development Exchange - Builds partnerships to overcome economic and social injustice and work toward people's greater control over their resources, political structures, and economic processes that affect their lives.
Meta Description: [ IDEX promotes economic empowerment and social change in Africa, Asia and Latin America. IDEX partners with community-based organizations to support their initiatives by providing grants, fostering regional and international alliances, and engaging U.S.-based constituencies. ]

International Development Research Centre - A public corporation created by the Canadian government to help communities in the developing world find solutions to social, economic, and environmental problems through research.
Meta Description: [ Le Centre de recherches pour le développement international (CRDI) est une société d'État créée par le Parlement du Canada en 1970 pour aider les pays en développement à trouver, par la recherche scientifique et l'utilisation du savoir, des solutions viables aux problèmes sociaux, écono... ]

OECD - Development - Presents OECD's publications and working papers about development like statistics, propectives studies or country surveys.
Meta Description: [ OECD work on development is carried out primarily by the Development Co-operation Directorate/DAC, the Development Centre, the Sahel & West Africa Club/SWAC and the Centre for Co-operation with Non-Members/CCNM. ... ]

500 PRAXIS - Resources of interest to social work educators and students in international and comparative social and economic development.

Sustainable Development Department, IDB - Covering issues such as human resources and social development; environment and natural resources; and infrastructure, financial markets and private enterprise development.

The Development Group for Alternative Policies - Development GAP works to ensure that the knowledge, priorities and efforts of the women and men of the South inform decisions made in the North about their economies and the environments in which they live. Includes internship information, news and publications.
Meta Description: [ The Development Group for Alternative Policies / World Bank ]

The Economic Commission for Africa - Established in 1958, the United Nations Economic Commission for Africa (UNECA) is one of five regional commissions. Its member states are 53 African nations.
Meta Description: [ The United Nations Economic Commission for Africa (ECA) is the regional arm of the United Nations, mandated to support the economic and social development of its member States, foster regional integration, and promote international cooperation for Africa's development ]

The Economic War Among the States - Analysis of development incentives from the Federal Reserve Bank of Minneapolis. Do they promote local job opportunities and enhance private sector competitiveness or do they divert government money from supporting traditional public goods like education?
Meta Description: [ Welcome to an incendiary political and economic debate: Are development incentives good or bad? The Minneapolis Fed calls for congress to end the economic war among the states. ]

The Gateway to Development Information - Eldis is funded by Danida and hosted by the Institute of Development Studies, Sussex. It has a large number of links on development topics and organizations
Meta Description: [ ELDIS is a gateway to information on development issues, providing free and easy access to wide range of high quality online resources. ]

Trade and Industrial Policy Secretariat (TIPS) - The online resource for trade and industrial policy research in South Africa.

United Nations Development Fund for Women - Promotes women's empowerment and gender equality, working for participation of women in all levels of development planning and practice.
Meta Description: [ UNIFEM, the United Nations Development Fund for Women, is the women's fund at the United Nations. The fund provides assistance to innovative programmes and strategies to foster women's empowerment and gender equality. ]

Virtual Developing Country - Presents issues in development economics using Zambia as a case study. Provides background information, virtual field trips, worksheets, data, photos, development glossary, and teaching resources.

404 Virtual Library on International Development - Collection of links to international development resources maintained by the Canadian International Development Agency.

Worldbank Discussion Forum for Topics in Economic Development - E-discussions on a variety of current and topical private sector development issues moderated by experts.
Meta Description: [ The World Bank/ International Finance Corporation offers hot-topic discussions moderated by specialists on a vast range of hotly debated issues in private sector development, economic growth and poverty elimination, including: business environment/ investment climate and economic growth, corporat... ]

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