What is Economic Development? Economic development can be illustrated as the sustainable process of developing and preserving apposite economic, social and political environments, in which economic opportunity is created for all citizens, business investment is enthused for the private se...
Michael Herb suggests in his book, No Representation without Taxation, that when a measure of development that excludes the effect of oil on the economy in place of GDP per capita in statistical analysis of the causes of the democratization, oil rich-countries fit the same pattern as other countries, confirming that dependence on resource rent fails to deliver the expected democratic benefits associated with development. ...
Economic development is a broad measure of welfare in a country, its indicators include: health, education, GDP per capita and the preservation of the environment. Vietnam, an emerging economy in transition, has endured a series of economic reforms since the government's decision to implement Doi Mo...
The means adopted by the West for achieving this in the 1980s was to develop a new breed of policy-based loans, "structural adjustment lending" as it came to be known, which involved a high degree of conditionality. 2.Structural Adjustment is the generic term used to describe a package of measures which the IMF, the World Bank and individual Western aid donors persuaded many developing countries to adopt during the 1980s, in return for a new wave of loans. ...
