Introduction to Development Economics

Author: Tan Chongtai
Publisher:
Publish Date: 2001-03-01
Features: Development Economics (Development Economics or Economics of Development) is a newly emerging interdisciplinary discipline that gradually formed after World War II. This discipline was introduced to China only in the past two decades, but it has had a significant impact. The reason for this is that its research object is the economic development of developing countries, and it argues about how capital accumulates, how human resources are developed, how industrialization and agricultural modernization proceed, how population flows between sectors, how foreign trade is conducted, how foreign resources are utilized, how fiscal and monetary policies are formulated, how the relationship between planning and market regulation is handled, how the priority of development is chosen, and how the costs and benefits of investment projects are evaluated. These are all issues that all developing countries must comprehensively consider in pursuing economic development, and they are also issues that China has made great efforts to solve over a long period in economic construction but has not yet properly resolved. Therefore, when people come into contact with the theoretical analysis of these issues, they naturally connect them to China's situation for comparison and reflection, feeling that developing the economy is not unfamiliar but closely related to China's reality.