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Understanding Development Economics Concepts by Lesego Geraldine Kgoele is a document available to read on EtoBox.
1. Development economics is the study of how economies transition from low-income to high-income status and overcome poverty. It combines traditional economics which focuses on markets and political economics which examines economic activity within its political context. 2. There are four classic theories of economic development: the linear stage of growth model from the 1950s, theories of structural change from the 1960s, the neoclassical counterrevolution of the 1980s, and new growth theory of the 1990s
- Author
- Lesego Geraldine Kgoele
- Language
- EN