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About Lesson 4 - History of Development Economics (First Part)
1. The history of development economics traces how theories evolved to address economic development challenges faced by low-income countries. 2. Early theories focused on identifying factors that could trigger self-sustaining growth, like addressing market failures through coordinated investments that create economies of scale. 3. While influential initially, development economics declined in the 1960s-1970s before reemerging with new empirical approaches and a focus on poverty reduction through policies and programs.
Detailed Information
| Author: | ['Rose Rabo'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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