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American Economic AssociationEconomics of Development and the Development of Economics Author(s): Pranab Bardhan Source: The Journal of Economic Perspectives, Vol. 7, No. 2 (Spring, 1993), pp. 129142
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Economics of development refers to the branch of economics that focuses on improving the economic, social, and institutional mechanisms of developing countries. It studies the processes through which these economies evolve and the policies that can facilitate growth, reduce poverty, and promote equality.
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Typically, entities involved in development projects, such as government agencies, non-governmental organizations (NGOs), and private sector organizations that receive funding or engage in activities that impact economic development are required to file economics of development reports.
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The purpose of economics of development reports is to evaluate the effectiveness of development initiatives, ensure compliance with regulations, monitor progress, and provide transparency to stakeholders regarding the impacts of projects on the economy and communities.
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The report must include details such as project description, budget allocations, financial statements, metrics for success, demographic information of the affected population, and evaluations of the project's impact on the local economy.
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