development economics
[dɪˈveləpmənt ɪˈkɒnɒmɪks]
noun
economia do desenvolvimento
1. A branch of economics that studies economic growth and improvement in living standards in developing and emerging economies
Development economics examines strategies to reduce poverty and inequality in low-income countries.
A economia do desenvolvimento examina estratégias para reduzir a pobreza e desigualdade em países de baixa renda.
2. The study of how economies transition from agrarian to industrialized societies
Development economics helps policymakers understand structural transformation in emerging markets.
A economia do desenvolvimento ajuda os formuladores de políticas a entender a transformação estrutural nos mercados emergentes.
3. Economic analysis focused on poverty reduction, human capital, and sustainable growth in less developed nations
Development economics incorporates theories about education, health, and infrastructure investment.
A economia do desenvolvimento incorpora teorias sobre educação, saúde e investimento em infraestrutura.
Development economics emerged as a distinct field after World War II, particularly relevant to newly independent nations in Africa, Asia, and Latin America. In Brazil, this field gained prominence during the 1950s-1970s with economists like Celso Furtado and the ECLAC (CEPAL) school. The discipline is highly valued in international organizations such as the World Bank and UN development agencies, reflecting its importance in global policy discussions about reducing inequality between nations.
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