Development economics is a branch of economics which deals with
economic aspects of the development process in low-income
countries. Its focus is not only on methods of promoting economic
growth and structural change but also on improving the potential
for the mass of the population, for example, through health and
education and workplace conditions, whether through public or
private channels. Thus, development economics involves the creation
of theories and methods that aid in the determination of types of
policies and practices and can be implemented at either the
domestic or international level. This may involve restructuring
market incentives or using mathematical methods like inter-temporal
optimization for project analysis, or it may involve a mixture of
quantitative and qualitative methods. Unlike in many other fields
of economics, approaches in development economics may incorporate
social and political factors to devise particular plans. Different
approaches may consider the factors that contribute to economic
convergence or non-convergence across households, regions, and
countries.
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