About the Book: Development Economics
Development economics is a branch of economics which deals with economic
aspects of the development process in less developed countries (LDCs). Its focus
is not only on methods of promoting economic growth but also on improving the
general well-being of common people through health, education, workplace
conditions, and other aspects of human development. Development economics
involves the creation of theories and methods that aid in the determination of
policies and practices for economic and social security of the population at
large. The study of development economics raises awareness regarding economic
policies and practices being followed in a country. This book explains various
aspects