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Home > Economic development

The economic development process supposes that legal and institutional adjustments are made to give incentives for innovation and for investments so as to develop an efficient production and distribution system for goods and service.

It is considered by some as a move towards a Western model. It expresses the reasons why we have developing economies. Received economic lore, among others that of capitalism, aims at continued growth and expansion of national economies so that ' developing nations' become ' developed nations' and followers of this school deride any possibility of an economically stable state.

Many national and international organizations and QuANGOs foster economic development. Notably in the international arena we find:

• Association of Southeast Asian Nations
• International Development AssociationThe International Development Association IDA was created on September 24, 1960, is a UN specialized agency. It is responsible for providing long-term interest-free loans to the poorest of developing countries on terms more lenient than those of the World
• European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) was founded in 1991 to promote private and entrepreneurial initiatives in the countries of central and eastern Europe and the Commonwealth of Independent States (CIS). The countries of operation
• United Nations Development ProgrammeThe United Nations Development Programme (UNDP is the largest multilateral source of grant technical assistance in the world. Headquartered in New York City and part of the United Nations, this voluntarily funded organization provides expert advice, train

1 See also

• Important publications in economic developmentFoundations The Protestant Ethic and the Spirit of Capitalism Max Weber Die protestantische Ethik und der 'Geist' des Kapitalismus, 1904 Description In The Protestant Ethic and the Spirit of Capitalism Weber puts forward a thesis that Puritan ethic and id

2 External links

• Macroeconomics and Growth
• Economic Growth Resources
• Social Change Project: page of Research Resources on Economic Growth

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Topics: Economic Development Nations International Economies National...

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