As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic aspects of the development process in low-income countries. Since economic growth is measured as the annual percent change of gross domestic product, it has all the advantages and drawbacks of that measure. Initia theories incorrectly stated that inequality had a positive effect on economic development. This volume identifies regional disparities within and across the region. It also examines specific development indicators, namely, child labour, nutrition, education, and growth in employment, trade, and productivity since liberalization. Covering a wide range of topical issues, the volume offers suggestions for policy at the state and sectoral levels to make growth inclusive.
