The Dynamics of Socio - Economic Development

This introductory chapter focuses on the concept of development. The low standard of living of the mass of the population in developing countries is singled out as the key issue in development. The development of per capita income over time and the factors that influence economic development or stagnation are important topics in this book. However, the interplay between economic and non-economic factors is of great importance for our understanding of the dynamics of socio-economic development. Economic development cannot be explained by economic factors only, and the concept of development includes more than mere changes in economic indicators. After a discussion of problems of involvement and detachment in the study of development issues in sections 1.1 and 1.2, we examine the concept of development in sections 1.3 to 1.5. Indicators of growth and development are presented in section 1.6. Section 1.7 highlights the differences between developing countries and the variety of development experiences. The final section addresses the question of what developing countries have in common in spite of all their differences.