Definition
Development is a process of disproportionate growth of systems. In economics, development is a multidimensional process that generates economic, technological, social and institutional change to support wealth of nations and a comprehensive wellbeing of people in society.
Introduction
Economic development is a process that generates economic, social and technical progress of nations. The fundamental elements of development in society are: the improvement of health, the growth of wealth, the creation of new knowledge and technology, etc. Economic development is fostered in appropriate social systems with high democracy and culture, good economic governance, efficient higher education system, and high innovative outputs (Coccia 2010, 2014, 2014b, 2018a). Economic development can be explained with different theories that are discussed in next sections (Fig. 1).
Theori...
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Coccia, M. (2019). Theories of Development. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_939-1
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