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What is Economic Development

Chapter 9
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)
Copyright: © 2018 | Pages: 12
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.
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Chapter 16
Results of Russian Occupation and Economic Crisis in Georgia's Conflict Areas in the Case of Abkhazia
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Chapter 4
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.
Published in Chapter: Regional Institutions for Transportation Sustainability and Economic Development: The Case of Southern California; From: Building a Sustainable Transportation Infrastructure for Long-Term Economic Growth
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Chapter 7
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.
Published in Chapter: Ecological Degradation Within the Context of Consumption: A 30-Year Bibliometric Analysis (1992-2022); From: Perspectives on Ecological Degradation and Technological Progress
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Chapter 5
Informality and Tourist Development on the Ecuadorian Coast
Refers to sustained, broad-based improvement in the standard of living, often mesasured by factors like GDP growth, employment rates, and infrastructure development, aimed and at enhancing overall prosperity and well-being within a society. It involves implementing policies and initiatives to foster growth in key sectors, promote innovation, and reduce poverty and inequality.
Published in Chapter: Informality and Tourist Development on the Ecuadorian Coast; From: Managing Tourism and Hospitality Sectors for Sustainable Global Transformation
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Chapter 10
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.
Published in Chapter: Girls' Child Education Challenges and Solutions in MENA Countries: Case Study of Tunisia; From: Civic Engagement Frameworks and Strategic Leadership Practices for Organization Development
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Chapter 1
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.
Published in Chapter: Entrepreneurship and Organizational Resilience: Responding to and Recovering From Crisis Situations (COVID-19); From: Handbook of Research on Entrepreneurship and Organizational Resilience During Unprecedented Times
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Chapter 5
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.
Published in Chapter: Is There Entrepreneurship Within the Public Sector?: A Literature Review; From: Entrepreneurial Orientation and Opportunities for Global Economic Growth
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Chapter 2
Quantum Theory and Artificial Intelligence in the Analysis of the Development of Socio-Economic Systems: Theoretical Insights
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Chapter 22
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.
Published in Chapter: Tourism for Development in the Republic of Moldova: Empowering Individuals and Extending the Reach of Globalization; From: Handbook of Research on Individualism and Identity in the Globalized Digital Age
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Chapter 10
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.
Published in Chapter: Importance of Women Employment in Economy: The Case of Turkey; From: Handbook of Research on Contemporary Approaches in Management and Organizational Strategy
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Chapter 4
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).
Published in Chapter: Globalization and Economy: Growth, Development, and Financial System; From: Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization
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Chapter 15
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.
Published in Chapter: The Opportunity Costs of Military Expenditure; From: Handbook of Research on Military Expenditure on Economic and Political Resources
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Chapter 11
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”.
Published in Chapter: Infrastructure and Tourism Development: A Panel Data Analysis; From: Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development
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Chapter 4
Community Colleges and Workforce Development: Then and Now
The creation of jobs and business that result in the financial betterment of society at large.
Published in Chapter: Community Colleges and Workforce Development: Then and Now; From: Community Colleges and Workforce Preparation in the 21st Century: Emerging Research and Opportunities
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Chapter 5
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.
Published in Chapter: The Impact of Women's Empowerment on SDGs in the Digital Era: Entrepreneurship Solutions; From: Impact of Women's Empowerment on SDGs in the Digital Era
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Chapter 4
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).
Published in Chapter: Effectiveness of Territorial Marketing for the Polish Tourism Brand; From: Shifts in Knowledge Sharing and Creativity for Business Tourism
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Chapter 14
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.
Published in Chapter: Chinese FDI Activity in Europe: Trends, Impacts, and Challenges; From: Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development
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Chapter 61
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).”
Published in Chapter: Economic Development Alliances; From: Encyclopedia of Networked and Virtual Organizations
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Chapter 1
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.
Published in Chapter: A Regional Approach to Mobility Management: Promoting Sustainability and Economic Growth Through Public Transit; From: Building a Sustainable Transportation Infrastructure for Long-Term Economic Growth
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Chapter 6
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.
Published in Chapter: Statistical Analysis of Women's Labor Force Data of OECD Countries; From: Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization
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Chapter 10
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.
Published in Chapter: Montenegro and BRI Initiative: Between Economic Performance and Global Political Challenges; From: Opportunities and Challenges for Multinational Enterprises and Foreign Direct Investment in the Belt and Road Initiative
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Chapter 2
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.
Published in Chapter: Global Market Trends; From: Handbook of Research on Global Business Opportunities
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Chapter 5
Influence of Industrialization and Energy Consumption on Environmental Sustainability: Empirical Evidence From Asian Emerging Economies
This can be regarded as the process by which a nation enhances their capacity for production, generates wealth and improves the standard of life for its citizens.
Published in Chapter: Influence of Industrialization and Energy Consumption on Environmental Sustainability: Empirical Evidence From Asian Emerging Economies; From: Sustainable Partnership and Investment Strategies for Startups and SMEs
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Chapter 9
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.
Published in Chapter: Corruption, Economic Development, and Insecurity in Colombia; From: Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis
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Chapter 4
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.
Published in Chapter: Green Finance and Sustainable Development: A Case of the Bangladesh Economy; From: Handbook of Research on Big Data, Green Growth, and Technology Disruption in Asian Companies and Societies
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Chapter 7
In Azerbaijan: An Examination of the Relationship Between Human Capital Development and Macroeconomic Indicators
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Chapter 13
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.
Published in Chapter: Rising Global Challenges in Energy Demand and the Politics of Climate Change in Government Operations: Policy and Economic Development Implications; From: Handbook of Research on Global Challenges for Improving Public Services and Government Operations
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Chapter 2
Agriculture, Mass Media, and the Economic Development of India
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Chapter 5
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.
Published in Chapter: Entrepreneurial Ecosystems Resilience and Institutional Voids: Solutions for Emerging Economies to Drive Economic Growth; From: Institutions, Resilience, and Dynamic Capabilities of Entrepreneurial Ecosystems in Emerging Economies
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Chapter 8
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.
Published in Chapter: Enterprise Architecture Solutions for an Aging Workforce; From: Examining the Aging Workforce and Its Impact on Economic and Social Development
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Chapter 4
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.
Published in Chapter: Corruption Levels and Country Cluster: A Comparative Analysis; From: Management Strategies and Tools for Addressing Corruption in Public and Private Organizations
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Chapter 2
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.
Published in Chapter: Ecotourism in Protected Areas: A Sustainable Development Framework; From: Environmental Impacts of Tourism in Developing Nations
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Chapter 1
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.
Published in Chapter: Locational Determinants of Foreign Direct Investment in the Vietnamese Economy; From: Handbook of Research on Global Business Opportunities
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Chapter 10
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.
Published in Chapter: Evaluating the Future Possibilities of India-ASEAN Economic Relations: A Critical Assessment; From: Evaluating Trade and Economic Relations Between India and Southeast Asia
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Chapter 9
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.
Published in Chapter: Towards Making a Sustainable Organization; From: Achieving Organizational Agility, Intelligence, and Resilience Through Information Systems
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Chapter 263
Entrepreneurship as the Vantage Point
Economic Development is an act of creating wealth and wellbeing among society.
Published in Chapter: Entrepreneurship as the Vantage Point; From: Encyclopedia of Information Science and Technology, Fourth Edition
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Chapter 8
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.
Published in Chapter: Closing the Gender Gap in Human Capital Formation for the Fourth Industrial Revolution; From: Human Capital Formation for the Fourth Industrial Revolution
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Chapter 12
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.
Published in Chapter: Economic Empowerment of Women, Millet Farming, and Sustainable Development; From: The Role of Women in Cultivating Sustainable Societies Through Millets
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Chapter 8
“Belt and Road” Initiative as a Development Chance for the Western Balkan Countries: The Case of Serbia
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Chapter 13
Public-Private Partnerships (P3s) between Businesses and Adult Education Providers
The creation and maintenance of the production, distribution, and consumption of goods and services.
Published in Chapter: Public-Private Partnerships (P3s) between Businesses and Adult Education Providers; From: Handbook of Research on Technologies for Improving the 21st Century Workforce: Tools for Lifelong Learning
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Chapter 13
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.
Published in Chapter: Financial Systems Reforms in Western Balkans Countries; From: Global Trends of Modernization in Budgeting and Finance
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Chapter 13
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.
Published in Chapter: Women's Economic Empowerment in the Developing Countries: Reengineering Patriarchy?; From: Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy
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Chapter 18
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.
Published in Chapter: Relationship Between Population Health and Economic Development on the Example of European Countries; From: Handbook of Research on Key Dimensions of Occupational Safety and Health Protection Management
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