Balanced growth refers to a harmonious and equitable development that occurs uniformly across multiple sectors and geographical regions to ensure sustained, inclusive economic progress.
Import Substitution is a strategy for industrializing less developed countries by focusing on producing domestic substitutes for imports. This strategy leverages known markets but faces challenges in scaling and sustainability.
A comprehensive guide on the Prebisch Thesis, which asserts the long-term deterioration of terms of trade for primary products versus manufactured goods, impacting economic strategies for developing nations.
The Resource Curse, often synonymous with Dutch Disease, describes how countries with abundant natural resources can suffer from economic instability and underdevelopment.
Social Development involves the improvement of societal conditions, encompassing health, education, welfare, and overall well-being. It focuses on providing equitable opportunities and enhancing the quality of life for all individuals.
An in-depth exploration of the Todaro Model, examining the dynamics of rural-urban migration under high urban unemployment, and its implications for development policy.
An in-depth exploration of the Two-Gap Model, which outlines the constraints on the development of less developed countries due to gaps between domestic savings and investment, as well as between export revenues and import needs.
An in-depth exploration of World Development Indicators (WDI), annual time-series data compiled by the World Bank, capturing various dimensions of development across 214 countries since 1960.
