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Economic Growth And Development | Open Access Journals
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International Journal of Economics & Management Sciences

ISSN: 2162-6359

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Economic Growth And Development

Economic and social development is the mechanism in the economic analysis of the public sector by which the economic well-being and quality of life of a country, region, or local community is improved according to targeted goals and objectives. The term was widely used in the twentieth and twenty-first centuries, but the definition had existed much longer in the West. Some words sometimes used when addressing economic growth are "modernisation," "westernization," and particularly "industrialization." The precise definition of economic development has been challenged: while economists viewed development primarily in terms of economic growth in the 20th century, sociologists emphasized broader processes of change and modernization instead. Development and urban studies scholar Karl Seidman sums up economic development as "a process of creating and using physical, human, financial, and social assets to generate improved.

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Citations: 9750

International Journal of Economics & Management Sciences received 9750 citations as per Google Scholar report

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