2. -:Table of Content:-
1. What is Development Economics?
2. What is Economics Development?
3. Breaking Down Development Economics.
4. Common characteristics of developing
countries.
5. Economic Growth Vs. Economic Development.
6. GNI Vs. GDP
7. Human Development Index - HDI
3. What is Development
Economics?
Development economics is a branch of economics that
focuses on improving fiscal, economic and social
conditions in developing countries. Development
economics considers factors such as health, education,
working conditions, domestic and international policies,
and market conditions.
4. What is Economics Development?
Economic development is the growth of the standard of
living of a nations people from a low-income (poor)
economy to a high-income (rich) economy. When the local
quality of life is improved, there is more economic
development. When social scientists study economic
development, they look at a lot of things.
5. BREAKING DOWN Development Economics
Development economics studies the transformation
of poor countries into more prosperous nations.
Strategies for transforming a developing economy
tend to be unique because the social and political
background of countries varies dramatically.
6. Common characteristics of developing
countries
• Low level of productivity
• Imperfect world Markets
• Low living Standard
• Colonial dominance and dependence
• High levels of population growth
• Overdependence on agriculture
• High levels of unemployment
7. Economic Growth Vs. Economic Development
Economic Growth
An increase in the amount of goods and services
produced per head of the population over a period of
time. Economic growth enables an increase in the
indicators like GDP, per capita income, etc
Economic Development enables improvement in
the life expectancy rate, infant mortality rate,
literacy rate and poverty rates.
Economic Development
8. GNI Vs. GDP
GNI
Gross national income is the sum of a nation's
gross domestic product and the net income it
receives from overseas.
GDP
Gross domestic product is a monetary measure of the
market value of all the final goods and services
produced in a period of time, often annually or
quarterly.
9. Human Development Index -
HDI
The Human Development Index (HDI) is a tool
developed by the United Nations to measure
and rank countries' levels of social and
economic development. Four principal areas of
examination are used to rank countries: mean
years of schooling, expected years of
schooling, life expectancy at birth and gross
national income per capita.
