Economic development

Economic development expresses the purpose for which we have developing economies. Standard economic lore, and especially capitalism, aim at continued growth and expansion of national economies so that developing nations become developed nations; and deride any possibility of an economic stable state.

Many national and international organizations and quangos foster economic development. Notably in the international arena we find:

• Association of Southeast Asian Nations
• International Development Association
• European Bank for Reconstruction and Development
• United Nations Development Programme