Economic development and the factors that contribute to it have been a topic of discussion among economics scholars. Economists have studied the concept of economic development but have different opinions about what exactly constitutes development in an economy.

Achieving economic development in a country is not a day’s work; it requires a long-term process of designing policies, establishing institutions, and examining factors that can actualize it. Therefore, this book answers the big question of what economic development is and factors that influence it.