Monday, March 24, 2008

Coming soon..................Devlopment economics for the new world.....................

Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels. Thus, development economics involves the creation of theories and methods that aid in the determination of types of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods like inter-temporal optimizationor project analysis, or it may involve a mixture of quantitative and qualitative methods. in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans

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