Economic development is the increase in the standard of living of a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy. Its scope includes the process and policies by which a nation improves the economic, political, and social well-being of its people.

Gonçalo L Fonsesca at the New School for Social Research defines economic development as "the analysis of the economic development of nations."

The University of Iowa's Center for International Finance and Development states that:

"'Economic development' or 'development' is a term that economists, politicians, and others have used frequently in the 20th century. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used when discussing economic development. Although no one is sure when the concept originated, most people agree that development is closely bound up with the evolution of capitalism and the demise of feudalism."

The study of economic development by social scientists encompasses theories of the causes of industrial-economic modernization, plus organizational and related aspects of enterprise development in modern societies. It embraces sociological research on business organization and enterprise development from a historical and comparative perspective; specific processes of the evolution (growth, modernization) of markets and management-employee relations; and culturally related cross-national similarities and differences in patterns of industrial organization in contemporary Western societies. On the subject of the nature and causes of the considerable variations that exist in levels of industrial-economic growth and performance internationally, it seeks answers to such questions as: "Why are levels of direct foreign investment and labour productivity significantly higher in some countries than in others?"

Mansell and Wehn state that development has been understood since the second World War to involve economic growth, increases in per capita income, and attainment of a standard of living equivalent to that of industrialized countries.

Economy Development can also be considered as a static theory that documents the state of economy at a certain time. According to Schumpeter (2003) the changes in this equilibrium state to document in economic theory can only be caused by intervening factors coming from the outside.

From Wikipedia under the GNU Free Documentation License
Tue Dec 15 03:36:10 2009

What resulted in increased rights for women and the poor and in economic development?
Q. What resulted in increased rights for women and the poor and in economic development? -Winning India s independence -Non-violent protest -Pakistan Civil War -Assassination of Indira Gandhi What led to the creation of independent Bangladesh? -Assassination of Indira Gandhi -Pakistan Civil War -Winning India s independence -Non-violent protest What was used by Mohandas Ghandi to try and drive the British from India? -Winning India s independence -Non-violent protest -Assassination of Indira Gandhi -Pakistan Civil War
Asked by Sai - Mon May 4 14:42:41 2009 - - 1 Answers - 0 Comments

A. 3 completely independent questions in one post? And questions about the history of the Indian sub-continent in the Economics section of Yahoo Answers? And you don't even know enough to answer the third question by yourself? Why am I getting the impression that you haven't paid any attention to these questions? If you are serious, then Wikipedia is your friend:
Answered by simplicitus - Thu May 7 03:11:27 2009

What would be good centres for economic development in Afghanistan?
Q. IPE theory holds that economic development that gives rise to a middle class simultaneously erodes the power of extremist political positions. Hence, as Amartya Sen and F.A. Hayek would argue, "development is freedom." The economic mover in Afghanistan seems to be opium. If it is more cost-effective in the long-run to spend international aid money on development of legal commodities and industries, rather than on narcotics interdiction, what would be good economic structures to invest in for the purpose of development?
Asked by Veritatum17 - Wed May 17 09:57:43 2006 - - 4 Answers - 0 Comments

A. Let the afghani's decide them selves what is good for them The recent riots in Kabul have shown, how much resentment for forigners is in their hearts. They hate invadors, so no policy will be effective unles they are givien a chance to decide them selves. note the british in history tried for years to conqure but failed.
Answered by let's chat here - Wed May 31 07:45:16 2006

when is economic development a bad thing?
Q. I'm speaking specifically of economic development in the "developing world" (i.e. poor countries). Most people would probably agree that economic development is a good thing. But I am looking for critiques of economic development. Please give me your thoughts if you can think of reasons why development is not always the best thing for a group of people, and list any articles or sources I might consult.
Asked by worldpeace - Sun Sep 3 21:06:28 2006 - - 4 Answers - 0 Comments

A. why development is not always the best thing for a group of people? because it's the poor that's not benifitting from the so call 'economic development' the rich gets richer & the poor gets poorer, search the web with the key words economic, development ,GDP, wealth distrubution etc...
Answered by Dreamweaver - Sun Sep 3 21:22:28 2006

From Yahoo Answer Search: "Economic Development"
Mon Dec 28 04:58:31 2009

Economic development likely a key issue among six council candidates - Whittier Daily News
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Economic development likely a key issue among six council candidates

Whittier Daily News

whittier - Economic development is likely to be the key issue in the April 13 City Council election among the six candidates ...



and more »
EDC hopes to avoid obstacles at green park - The Daily Advance
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EDC hopes to avoid obstacles at green park

The Daily Advance

Peter Thomson, of the Green Eco Institute, told members of the Camden County Economic Development Commission that the proposed Eco Industrial Park has both ...
Gilbert economic development panel may fold - istockAnalyst.com (press release)
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Gilbert economic development panel may fold

istockAnalyst.com (press release)

The town's Economic Development Advisory Board lobbied for its own demise during its annual joint meeting with the Town Council on Tuesday. ...

Gilbert council appears poised to end development panel AZ Central.com



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From Google News Search: "Economic Development"
Mon Jan 18 04:02:02 2010

Economic Disparity and Development jpg
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among other things with the question of social power and the invention of tradition in local efforts to gain from or seek integration into the nation building process The Sociology of Post Colonial Societies Economic Disparity Cultural Diversity and Development by J E Goldthorpe

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From Yahoo Image Search: "Economic Development"
Tue Jan 5 01:50:52 2010

Top Chinese legislator stresses transformation of mode of economic ...
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Top Chinese legislator stresses transformation of mode of economic ...

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Mon, 18 Jan 2010 04:00:28 GM

Top Chinese legislator Wu Bangguo has urged to accelerate transformation of the mode of . economic development. , so as to improve sustainable development when fighting the global financial crisis. &$ &$Wu Bangguo (2nd L, front), ...

novanewsnow.com > County of Shelburne > Clarks Harbour wants out ...
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Sat, 16 Jan 2010 18:47:00 GM

For more than a decade SWSDA has represented Shelburne, Yarmouth Counties and Clare Municipality in . economic development. matters. In recent months, all five Shelburne County municipalities have been meeting to discuss opting out of the ...

American Planning Association Economic Development Division ...
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American Planning Association Economic Development Division ...

APA Economic Development Division

ue, 05 Jan 2010 15:58:00 GM

Economic Development. Planning pioneer, EDD volunteer and founder of Hunter Interests, Don E. Hunter, died peacefully December 30, 2009, in Annapolis, Md., after losing a valiant battle with a rare form of leukemia. ...

From Google Blog Search: "Economic Development"
Mon Jan 18 08:59:58 2010