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Home > QFINANCE Dictionary > Definition of economic development

Definition of

economic development


rise in country's living standards improvements in the living standards and wealth of the citizens of a country

Recommended Further Reading (Term count)
  • A Farewell to Alms: A Brief Economic History of the World
    Gregory Clark (2007)
    Attempts to answer why some countries have become developed and comparatively rich while others have not and remain poor. Finds that income inequality between societies has increased in recent years. Proposes the theory that social evolution explains economic growth, and that stability and security were essential to the development of a thriving economy.
  • Ban Share Options and Stop Subsidizing Banks Before Recovery
    by Andrew Smithers
    Andrew Smithers is a leading expert in financial economics and global asset allocation. His 45 years’ experience in investment includes 25 years at S. G. Warburg & Co., where, among other roles, he ran the investment management division, and 20 years as head of his own investment consultancy, Smithers & Co., based in London. He is the coauthor of three books on international finance. His latest, Wall Street Revalued: Imperfect Markets and Inept...
  • Proceed with Caution: Chinese Economic Policy
    by David Smith
    This article was first published in Quantum magazine.Hopes that China may be prepared to countenance liberalization and the opening up of its financial sector are likely to be dashed, says David Smith. Risk aversion and caution will remain its watchwords as it defines its new global role.
  • Islamic Insurance Markets and the Structure of Takaful
    by Suzanne White
    Insurance plays a vital role in supporting both national and international economic development and growth. Islamic countries are no exception. The main issue for insurers in the Islamic world is that many Islamic scholars view conventional insurance as prohibited by Islam.Muslim scholars are not against the concept of risk mitigation, risk sharing, or risk management, including risk financing, per se. In fact, they support the compensation of...

Definitions of ’economic development’ and meaning of ’economic development’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’economic development’ and other financial terms with our online QFINANCE Financial Dictionary.

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