Development Economics
Development economics is a branch of economics that focuses on improving fiscal, economic, and social conditions in developing countries. It examines factors such as poverty, inequality, health, education, and institutional frameworks to design policies and strategies for sustainable growth and human development. This field combines theoretical models with empirical analysis to address challenges in low- and middle-income nations.
Developers should learn development economics to understand the broader socio-economic context of their work, especially when building solutions for global markets, social impact projects, or in regions with resource constraints. It helps in designing technology that is accessible, scalable, and effective in diverse environments, such as mobile banking apps in rural areas or data-driven tools for public health initiatives.