An Introduction to Theories of National and Regional Economic Development
Turkish Economic Review, vol. 5, n. 4, pp. 350-358, doi:org/10.1453/ter.v5i4.1794, 2018
14 Pages Posted: 27 Jan 2019
Date Written: January 15, 2019
Abstract
This conceptual paper analyses the concept of development that is a process of progressive growth that generates a transition from simple to complex system. In economics, development is a multidimensional process that generates changes in economic, political, social and institutional structures to support an accelerated growth and improvement of nations for achieving and sustaining a comprehensive wellbeing of people in society. Some theories of economic development are briefly discussed, considering national and regional economic systems. Finally, some critical contradictions of the process of economic development in society are discussed to conclude this study.
Keywords: Economic Development, Economic Growth, Human Development, Development Economics, Social Progress
JEL Classification: F43, F63, O10, O20, O30, O40, Q01, Q19, Q56, R11, R58
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