IDEAS home Printed from https://ideas.repec.org/a/mth/jsss88/v11y2024i1p84.html
   My bibliography  Save this article

Does Economic Growth and Development Differ? Exploring the Theoretical Divide Between Economic Growth and Development

Author

Listed:
  • James E. Conable
  • Imaobong Olsson

Abstract

This paper delves into the nuanced distinction between economic growth and economic development, unravelling their theoretical underpinnings and divergent implications. Employing a comprehensive review of relevant literature, the study navigates through traditional definitions and contemporary perspectives to establish a theoretical framework that differentiates these two concepts. Drawing from prominent theorists like Hirschman, Wallerstein, and Tvaronaviciené, the analysis scrutinizes indicators such as Gross Domestic Product (GDP), Gross National Product (GNP), and Human Development Index (HDI). The theoretical exposition dissects the historical context, exploring how economic growth often masks disparities and inefficiencies inherent in economic development. Furthermore, the paper investigates the impact of globalization, neo-liberal policies, and participatory approaches on shaping these paradigms. In conclusion, the study advocates for a nuanced understanding of economic progress, emphasizing the need for an inclusive, adaptive, and context-specific approach to foster genuine economic development.

Suggested Citation

  • James E. Conable & Imaobong Olsson, 2024. "Does Economic Growth and Development Differ? Exploring the Theoretical Divide Between Economic Growth and Development," Journal of Social Science Studies, Macrothink Institute, vol. 11(1), pages 1-84, June.
    • Handle: RePEc:mth:jsss88:v:11:y:2024:i:1:p:84
    as

    Download full text from publisher

    File URL: https://www.macrothink.org/journal/index.php/jsss/article/download/21863/16857
    Download Restriction: no
    File URL: https://www.macrothink.org/journal/index.php/jsss/article/view/21863
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sen, Amartya, 2001. "Development as Freedom," OUP Catalogue, Oxford University Press, number 9780192893307, Decembrie.
    2. Erdmann, Gero & Engel, Ulf, 2006. "Neopatrimonialism Revisited - Beyond a Catch-All Concept," GIGA Working Papers 16, GIGA German Institute of Global and Area Studies.
    3. Daron Acemoglu, 2013. "Economic Growth and Development in the Undergraduate Curriculum," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(2), pages 169-177, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tendai Zawaira & Matthew W. Clance & Carolyn Chisadza, 2020. "Social Institutions and Gender-Biased Outcomes in sub-Saharan Africa," Working Papers 2020101, University of Pretoria, Department of Economics.
    2. Hodder Rupert, 2016. "Global South and North: Why Informality Matters," New Global Studies, De Gruyter, vol. 10(2), pages 113-131, July.
    3. Chen Yu, 2020. "Targeted industrial poverty alleviation in China’s Rural Areas: Evidence From Yulin Township," Journal of Advances in Humanities and Social Sciences, Dr. Yi-Hsing Hsieh, vol. 6(2), pages 78-88.
    4. Gregory, Julian & Sovacool, Benjamin K., 2019. "Rethinking the governance of energy poverty in sub-Saharan Africa: Reviewing three academic perspectives on electricity infrastructure investment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 344-354.
    5. Brandon D. Lundy & Kezia Darkwah, 2018. "Measuring Community Integration of Lusophone West African Immigrant Populations Through Needs Assessment, Human Security, and Realistic Conflict Theory," Journal of International Migration and Integration, Springer, vol. 19(2), pages 513-526, May.
    6. Kaspar Walter Meili & Anna Månsdotter & Linda Richter Sundberg & Jan Hjelte & Lars Lindholm, 2022. "An initiative to develop capability-adjusted life years in Sweden (CALY-SWE): Selecting capabilities with a Delphi panel and developing the questionnaire," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-21, February.
    7. Shikha Silwal, 2017. "On peace and development economics," Economics of Peace and Security Journal, EPS Publishing, vol. 12(2), pages 5-9, October.
    8. Vizard, Polly, 2005. "The contributions of Professor Amartya Sen in the field of human rights," LSE Research Online Documents on Economics 6273, London School of Economics and Political Science, LSE Library.
    9. Roy, Shalini & Hidrobo, Melissa & Hoddinott, John F. & Ahmed, Akhter, 2021. "Transfers, behavior change communication, and intimate partner violence: Post-program evidence from rural Bangladesh," IFPRI book chapters, in: Securing food for all in Bangladesh, chapter 15, pages 549-590, International Food Policy Research Institute (IFPRI).
    10. Schmid, Günther, 2004. "Gewährleistungsstaat und Arbeitsmarkt: Neue Formen von Governance in der Arbeitsmarktpolitik," Discussion Papers, Research Unit: Labor Market Policy and Employment SP I 2004-107, WZB Berlin Social Science Center.
    11. Chei Bukari & Millicent Abigail Aning-Agyei & Christian Kyeremeh & Gloria Essilfie & Kofi Fosu Amuquandoh & Anthony Akwesi Owusu & Isaac Christopher Otoo & Kpanja Ibrahim Bukari, 2022. "Effect of COVID-19 on Household Food Insecurity and Poverty: Evidence from Ghana," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(3), pages 991-1015, February.
    12. Isaac G. K. Ansah & Munkaila Lambongang & Samuel A. Donkoh, 2020. "Ghana’s Planting for Food and Jobs Programme: A Look at the Role of Capability in Farmers’ Participation," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 21(2), pages 161-182, April.
    13. Raymond Lang & Marguerite Schneider & Maria Kett & Ellie Cole & Nora Groce, 2019. "Policy development: An analysis of disability inclusion in a selection of African Union policies," Development Policy Review, Overseas Development Institute, vol. 37(2), pages 155-175, March.
    14. Emily Lewis & Sophie Mitra & Jaclyn Yap, 2022. "Do Disability Inequalities Grow with Development? Evidence from 40 Countries," Sustainability, MDPI, vol. 14(9), pages 1-13, April.
    15. Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," PSE Working Papers halshs-00564985, HAL.
    16. Michael Pirson, 2019. "A Humanistic Perspective for Management Theory: Protecting Dignity and Promoting Well-Being," Journal of Business Ethics, Springer, vol. 159(1), pages 39-57, September.
    17. Wakunuma, Kutoma & Masika, Rachel, 2017. "Cloud computing, capabilities and intercultural ethics: Implications for Africa," Telecommunications Policy, Elsevier, vol. 41(7), pages 695-707.
    18. Rafi Amir-ud-Din & Faisal Abbas & Sajid Amin Javed, 2018. "Poverty as Functioning Deprivation: Global Estimates," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(3), pages 1077-1108, December.
    19. Ding, Rong & Hou, Wenxuan & Liu, Yue (Lucy) & Zhang, John Ziyang, 2018. "Media censorship and stock price: Evidence from the foreign share discount in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 112-133.
    20. Anna Horodecka, 2015. "The Changing Face of Economics? Ethical Issues in Contemporary Economic Schools as a Consequence of Changes in the Concept of Human Nature," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 18(4), pages 55-71, December.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mth:jsss88:v:11:y:2024:i:1:p:84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Technical Support Office The email address of this maintainer does not seem to be valid anymore. Please ask Technical Support Office to update the entry or send us the correct address (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/jsss .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.