Development Economics

Development economics is the study of transforming and improving the infrastructure of economies in low-income countries. The goal of developmental economics is not to apply traditional economics theories to these countries in broad strokes, but rather to focus on context-specific structural issues to address economic problems. Because it relies on the intersection of delicate systems such as economy, government, and socioeconomic groups, development economics incorporates many different fields of research in order to solve complex issues within a developing country. It is a sub-section of economics that engages with some of the most impactful and topical challenges in economics today.