This chapter presents an introduction to the handbook on development economics, Part 3. In most societies, a family or a household is the basic decision-making unit, although in some of the developed countries and even some developing countries in Latin America, the cohesion of the family seems...

This chapter presents an introduction to the handbook on development economics, Part 1. Development, as contrasted with mere growth of the economy, is, according to Schumpeter, a distinct phenomenon, entirely foreign to what may be observed in the circular flow or in the tendency toward...