Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Economic Development

Handbook of Research on Military Expenditure on Economic and Political Resources
An increase in the amount of goods and services produced per head of the population over a period of time to keep all the people in minimum inequitable position.
Published in Chapter:
Public Expenditure on Defense and Economic Development: A Comparative Study on India and China
Partha Mukhopadhyay (National Institute of Technology Durgapur, India), Madhabendra Sinha (National Institute of Technology Durgapur, India), and Partha Pratim Sengupta (National Institute of Technology Durgapur, India)
DOI: 10.4018/978-1-5225-4778-5.ch009
Abstract
There is a direct relationship between public expenditure on defense and economic development such as technological up gradation, increase in steel, and allied production, etc. To identify the impact of public expenditure on defense along with economic growth in India and China, this study investigates the long-run equilibrium relationship between them. This chapter uses Stockholm International Peace Research Institute (SIPRI) data and Johansen co-integration test approach to examine the relationship between public expenditure on defense and economic development in India and China on a comparative basis over the period of from 1989 to 2016. The findings imply a significant relationship between public expenditure on defense and economic development in India but no long run cointegrating relation was found in case of China.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Full Text Chapter Download: US $37.50 Add to Cart
Regional Institutions for Transportation Sustainability and Economic Development: The Case of Southern California
The financial performance in a specified geographic region, affecting wages, housing, businesses, goods movement, including a range of metrics on individual and aggregate changes over time.
Full Text Chapter Download: US $37.50 Add to Cart
Ecological Degradation Within the Context of Consumption: A 30-Year Bibliometric Analysis (1992-2022)
Economic development is the steady expansion and improvement of a nation's economy, which is frequently gauged by changes in GDP, employment, productivity, and standard of life.
Full Text Chapter Download: US $37.50 Add to Cart
Girls' Child Education Challenges and Solutions in MENA Countries: Case Study of Tunisia
It represents positive changes in demographics of a geographical area or population. Such changes lead to the improvement of the population and the development of living conditions.
Full Text Chapter Download: US $37.50 Add to Cart
Entrepreneurship and Organizational Resilience: Responding to and Recovering From Crisis Situations (COVID-19)
To enhance or grow an economy, traditionally with utilizing various resources, wealth, job creation, prosperity, and/or finances (e.g., investments) to improve the overall well-being or quality of life of people in the society.
Full Text Chapter Download: US $37.50 Add to Cart
Is There Entrepreneurship Within the Public Sector?: A Literature Review
Is a dynamic long-term phenomenon that reflects the changes that are taking place in the economic, social, political, and cultural structures in an economic system. The economic development concept integrates the idea of economic growth, the increase of the production, and consumption opportunities, but it goes beyond this, considering that it is a process that implies the improvement in living standards, namely, better jobs, reduction in inequality income distribution, greater and better access to education and health, and improve of environmental protection.
Full Text Chapter Download: US $37.50 Add to Cart
Quantum Theory and Artificial Intelligence in the Analysis of the Development of Socio-Economic Systems: Theoretical Insights
Full Text Chapter Download: US $37.50 Add to Cart
Tourism for Development in the Republic of Moldova: Empowering Individuals and Extending the Reach of Globalization
Economic development refers to the sustained, concerted actions of communities and policymakers that improve the standard of living and economic health of a given country. The overall concept of development is complex and multidimensional. It comprises social, economic, cultural, anthropological and technological aspects.
Full Text Chapter Download: US $37.50 Add to Cart
Importance of Women Employment in Economy: The Case of Turkey
Economic development refers to any positive progress in the economy aiming the social wellbeing of the citizens, and these positive progresses can be achieved through development of new technologies in all fields of the economy as well as adaption of more efficient legal programs.
Full Text Chapter Download: US $37.50 Add to Cart
Globalization and Economy: Growth, Development, and Financial System
Is expressed in a longer period of time, consists in a series of structural changes, oriented to reach progress in industrial production, and increase the service sector. This will mean at the end, a better situation for population and welfare (Malizia, 1990).
Full Text Chapter Download: US $37.50 Add to Cart
The Opportunity Costs of Military Expenditure
The phenomenon of high per capita income along with an equitable distribution of income, high literacy rate, low mortality rate, and low level of poverty.
Full Text Chapter Download: US $37.50 Add to Cart
Infrastructure and Tourism Development: A Panel Data Analysis
Process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th century. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues. Whereas economic development is a policy intervention endeavour with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP. Consequently, as economist A. Sen points out, “economic growth is one aspect of the process of economic development”.
Full Text Chapter Download: US $37.50 Add to Cart
Community Colleges and Workforce Development: Then and Now
The creation of jobs and business that result in the financial betterment of society at large.
Full Text Chapter Download: US $37.50 Add to Cart
The Impact of Women's Empowerment on SDGs in the Digital Era: Entrepreneurship Solutions
To enhance or grow an economy, traditionally with utilizing various resources, wealth, job creation, prosperity, and/or finances (e.g. investments) to improve the overall well-being or quality of life of people in the society.
Full Text Chapter Download: US $37.50 Add to Cart
Effectiveness of Territorial Marketing for the Polish Tourism Brand
Refers to the process of improving the economic well-being and quality of life of a specific region, nation, or community. It encompasses a wide range of initiatives and strategies aimed at: creating wealth (this involves fostering conditions that allow businesses to grow, create jobs, and generate income for individuals and the community as a whole), raising living standards (increasing employment opportunities, investing in infrastructure and public services, and promoting social equality contribute to a higher quality of life for all residents), promoting sustainable growth (balancing economic development with environmental protection and responsible resource management ensures long-term prosperity).
Full Text Chapter Download: US $37.50 Add to Cart
Chinese FDI Activity in Europe: Trends, Impacts, and Challenges
Economic development is the process and policies by which a nation improves the economic, political, and social well-being of its people.
Full Text Chapter Download: US $37.50 Add to Cart
Economic Development Alliances
“A process in which local governments or community-based (neighborhood) organizations engage to stimulate or maintain business activity and/or employment (Blakely and Bradshaw 2002).” Alternatively, the “growth and diversification of business activity that creates jobs, income and wealth, and creates investment that generates municipal revenue to fund facilities and services that maintain and enhance quality of life (Doctor et al. 2004).”
Full Text Chapter Download: US $37.50 Add to Cart
A Regional Approach to Mobility Management: Promoting Sustainability and Economic Growth Through Public Transit
A process that enhances the economic, social, and political well-being of individuals and communities through the adoption of new techniques and activities and overall improvement of living standards.
Full Text Chapter Download: US $37.50 Add to Cart
Statistical Analysis of Women's Labor Force Data of OECD Countries
The process by which a nation improves the economic, political, and social well-being of its people.
Full Text Chapter Download: US $37.50 Add to Cart
Montenegro and BRI Initiative: Between Economic Performance and Global Political Challenges
Is the creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents.
Full Text Chapter Download: US $37.50 Add to Cart
Global Market Trends
A multidimensional process that involves major changes in social structures, popular attitudes, and national institutions as well the acceleration of economic growth, the reduction of inequality and the eradication of poverty.
Full Text Chapter Download: US $37.50 Add to Cart
Corruption, Economic Development, and Insecurity in Colombia
The study of how the economies are transformed from stagnation to growth and how these economies convert from low income to high-income levels. Economic development understands as the improvement process of quality of life, the creation of propitious conditions for the growth of standards of welfare of population through the establishment of institutions and social, politics and economic systems that promote human dignity, respect for social conditions and cause the freedom of population through application of election variables, this is an expansion process of capacities that enjoy the people.
Full Text Chapter Download: US $37.50 Add to Cart
Green Finance and Sustainable Development: A Case of the Bangladesh Economy
It is defined as moving from a basic, low-income, and high unemployment national economies to a modern industrialized economy while preserving qualitative and quantitative economic progress.
Full Text Chapter Download: US $37.50 Add to Cart
Full Text Chapter Download: US $37.50 Add to Cart
Rising Global Challenges in Energy Demand and the Politics of Climate Change in Government Operations: Policy and Economic Development Implications
The term in this chapter is used to refer to the measured increase in the output of a country concerning the socio-political welfare of the individuals living in a given geopolitical area.
Full Text Chapter Download: US $37.50 Add to Cart
Agriculture, Mass Media, and the Economic Development of India
Full Text Chapter Download: US $37.50 Add to Cart
Entrepreneurial Ecosystems Resilience and Institutional Voids: Solutions for Emerging Economies to Drive Economic Growth
To enhance or grow an economy, traditionally with utilizing various resources, wealth, job creation, prosperity, and/or finances (e.g., investments) to improve the overall well-being or quality of life of people in the society.
Full Text Chapter Download: US $37.50 Add to Cart
Enterprise Architecture Solutions for an Aging Workforce
Economic development often relies on government intervention to produce better public services, provide industry incentives, and increase the skills base.
Full Text Chapter Download: US $37.50 Add to Cart
Corruption Levels and Country Cluster: A Comparative Analysis
Sustained growth of a country's economy through the expansion of trade, investment, and innovation. It involves increasing the productivity and competitiveness of the economy, creating job opportunities, and improving the standard of living for the population.
Full Text Chapter Download: US $37.50 Add to Cart
Ecotourism in Protected Areas: A Sustainable Development Framework
Activities that satisfy the needs of the economy through the creation of income from jobs and employment opportunities, generation of profit, and increase in productivity.
Full Text Chapter Download: US $37.50 Add to Cart
Locational Determinants of Foreign Direct Investment in the Vietnamese Economy
Institutional reforms and concerted actions of policy makers and communities that promote higher standard of living and economic growth.
Full Text Chapter Download: US $37.50 Add to Cart
Evaluating the Future Possibilities of India-ASEAN Economic Relations: A Critical Assessment
It entails the creation of wealth from which the community or region benefits are attained or realized.
Full Text Chapter Download: US $37.50 Add to Cart
Towards Making a Sustainable Organization
Economic development can be defined as the creation of wealth from which community benefits are realized. Economic development can also be seen as the process whereby simple, low-income national economies are transformed into modern industrial economies.
Full Text Chapter Download: US $37.50 Add to Cart
Entrepreneurship as the Vantage Point
Economic Development is an act of creating wealth and wellbeing among society.
Full Text Chapter Download: US $37.50 Add to Cart
Closing the Gender Gap in Human Capital Formation for the Fourth Industrial Revolution
The process a nation employs in improving then economic, political, and social wellbeing of its people.
Full Text Chapter Download: US $37.50 Add to Cart
Economic Empowerment of Women, Millet Farming, and Sustainable Development
Economics development is a process by which policies related to programs and projects which are implemented in order to improve the economic wellbeing and quality of life of the people and their communities. For example, infrastructure development such as road, rial, seaport and airports, which creates jobs and improves transportation of goods and people and are the supply chain lifelines of the nation.
Full Text Chapter Download: US $37.50 Add to Cart
Full Text Chapter Download: US $37.50 Add to Cart
Public-Private Partnerships (P3s) between Businesses and Adult Education Providers
The creation and maintenance of the production, distribution, and consumption of goods and services.
Full Text Chapter Download: US $37.50 Add to Cart
Financial Systems Reforms in Western Balkans Countries
Is a complex economic flow by which one country gradually liberates it from own economic underdevelopment and poverty, thus reaching higher developmental levels. This development consists of economic growth and changes in the composition of the economy.
Full Text Chapter Download: US $37.50 Add to Cart
Women's Economic Empowerment in the Developing Countries: Reengineering Patriarchy?
Is a process of restructuring of an economy to enhance the economic well-being of a community/ country.
Full Text Chapter Download: US $37.50 Add to Cart
Relationship Between Population Health and Economic Development on the Example of European Countries
Economic growth that simultaneously enables the realization of structural changes, environmental sustainability, poverty reduction, which leads to social well-being.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR