Development Economics or Unrealistic Dream?
Development economists usually concentrate on theoretical analysis and try to explain real world economic behavior, by mathematical expressions or models. The result may lead to the theoretical explanations of practical or real situations and their cause and effect relationships. This can on occasion result in erroneous assumptions and, sometimes, policy proposals which miss the mark or do not address the actual problems. This is particularly true in the area of development where we had some major structural and policy failures.
KeywordsCapita Income Economic Freedom Purchasing Power Parity Tradable Credit Debt Relief
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