The objective of this article is to approach the concepts of growth and economic development in order to highlight the essential aspects that differentiate them. These are fundamental concepts that define the economy of a nation and contribute for a better life for it. Economic growth does not...

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...

In most poor countries, large majorities of the population live in rural areas and earn their livelihoods primarily from agriculture. Many rural people in the developing world are poor, and conversely, most of the world's poor people inhabit rural areas. Agriculture also accounts for a...