JEL code O
Development, innovation and growth
How do poor countries get richer, and what drives innovation?
Emerged 1943
Paul Rosenstein-Rodan's article on industrialising Eastern and South-Eastern Europe argued for a “big push” of coordinated investment, and is often named as the start of development economics.
An example
Six randomised trials of microcredit found modest benefits, not the transformation once promised (Banerjee, Karlan and Zinman, 2015).