Overview
The political economy of development is a crucial field that examines how political and economic factors interact to shape the development of societies. It emphasizes that development is not solely about economic growth but also involves social justice, political stability, and cultural consideratio...
Key Terms
Example: Political economy examines how government decisions affect economic growth.
Example: Economic growth is often measured by GDP.
Example: Globalization has led to more international trade.
Example: Social justice aims to reduce inequality.
Example: Common development indicators include literacy rates and life expectancy.
Example: Democracies and autocracies are types of political institutions.
Related Topics
International Trade
The exchange of goods and services between countries, impacting economic development.
intermediateEconomic Policy
Strategies implemented by governments to influence their economies.
intermediateSustainable Development Goals
A set of global goals aimed at addressing social, economic, and environmental challenges.
advancedKey Concepts
Economic GrowthPolitical InstitutionsGlobalizationSocial Justice