What do you think about the scope of development economics?

Answer 1

Since a great portion of the world is Third World ... developmental economics is a great way to address this.

"Recent theories revolve around questions about what variables or inputs correlate or effect economic growth the most: elementary, secondary, or higher education, government policy stability, lack of trade barriers, fair court systems, available infrastructure, availability of medical care, prenatal care and clean water, ease of entry and exit into trade, and equality of income distribution (for example, as indicated by the Gini coefficient), and how to advise governments about macroeconomic policies, which include all policies that effect the economy." <1>

However, I side with emphasizing the "Clean Water" as priority. Providing "Clean Water" forces Plumbing ... and since water needs to be clean the sanitation that comes with the plumbing "Waste management" systems are also forced. Disease is spread through bad water and by simply working to purify the water and handle waste, you've allowed the citizens in the third world to free themselves to explore education, transportation, and stop chasing disease spread through water and waste, and focus on other diseases!!!

I attribute the success of the USA and other developed nations based on their plumbing and toilets!!! After all, we know how to take care of our poop, and that's a miracle in itself.

Answer 2

Scope Of Development Economics

Answer 3

It depends. What scope are we considering?