The field ofdevelopment economics examines the application of microeconomic and macroeconomic concepts to the growth of a developing country. It focuses on the socioeconomic issues of poverty, standard of living, agriculture and rural development, industrialization, labor markets, financial systems, taxation, global trade, foreign direct investments, foreign aid and remittances, education, health, cooperatives, social enterprise development, and peacekeeping.
The basic features of the first edition of this textbook are the theories, evaluating rationalities of the principles to ultimately be used as a basis of policy making, whether in the private or publicsector. This textbook highlights the basic issues of economic development as a precursor to higher economics or policy-making decisions, notwithstanding the interrelationships of local concerns ni the economy and the international market. The industries that impact economic development, such as agriculture, construction, manufacturing, mining, public administration, services, transport, and utilities, are discussed throughout the textbook.

Include bibliographical references and index.

The field of development economics examines the application of microeconomics and macroeconomic concepts tothegrowth of adeveloping country. It focuses onsocioeconomic issues of poverty, standard of living, agriculture and rural development, industrialization, labor markets, financial systems, taxation, global trade, foreigndirect investments, foreign aidand remittances, education, health, cooperatives, social enterprise development, andpeacekeeping.
The basic features of the first edition of this textbook are the fundamental theories, evaluating the rationalitiesof the principles to ultimately be used as a basis of policy-making, whether in the private or public sector. The textbook highlights the basic issues of economic development, as a precursor to higher economics or policy-making decisions, notwithstanding the interrelationships of local concerns in the economy and the international market. The industries that impact economic development, such as agriculture, construction, manufacturing, mining, public administration, services, transport, and utilities, arediscussed throughout the textbook.
"Each chapter containsfeatures such as: Expectations, the learning objectives of the chapter, what is hoped to be gained by the readers at the end of the section; Looking Back, a short review of the previous chapter to somehowserve as a take-off board for the new topic; Introduction, the start oft h e new lesson providing the backgroundof the upcoming lessons; Lessons, the focus of the chapter that has the largest chunk of what are addressed in the expectations; MSG RECD, a special corner in the chapterabout ashort interviewwith aprofessional aboutthe topic ofconcern, adding more information and aimed to inspire young readers of thetextbook; Activity, a performance task by the learners as a n individual or asa group, ledby theinstructoro r professor as a moderatorthat willsomehow enforce the theories and concepts that were earlier tackled; Remember, instead of a conclusive statement, a mind map isprovided to summarizewhat is containedin the chapterand may be used as a review material for learners/candidates that si easierto digest; Chapter Exercises and Reflective Discussions, can serve as aformative and summative assessment tothe learners as afeedbackfor remedial work andw h e t h e r or not the objectives have been achieved; References, the source or sources that was/were considered by the author.
Anunderlying assumptionof the book isthat the readershavebasic knowledge of economicsa n d its applications tothe society and understand the basic questions of economics. The author wishes to a d d r e s s theissueon corruption, climatechange andits impact on economic development, andmoretools of finance a n d m o r e d a t a o n b a l a n c e o f p a v m e n t s in t h e s u c c e e d i n g e d i t i o n s o r a s a n a d d e d f e a t u r e l e f t t o t h e t e a c h e r - moderator tointegrate them as they deem suitable for the current situation.
It is hoped that the book inspires the readers to recommend concrete solutions and be an instrument of positive changes ni the fields of labor markets, financial systems, cooperatives, social enterprises, and peace development.
Emerson G. Cabudol, DBA, is a professor, a researcher, a consultant, and a licensed professional teacher (Social Sciences) with a well-documented record of accomplishments in business administration a n dhigher education.
His highlights include years of work experience in several industries, namely, information and communications technology firms and higher educational institutions in the Philippines, the Kingdom of Bahrain, and the United Arab Emirates. He is atrainer for the Systems Applications and Products (SAP) in Data Processing of the Enterprise Resource Planning (ERP software in
Bahrain, and has been active in project management and businesseconomics conferences in Bahrain, UAE, Japan, and Indonesia. He is well versed with the European Council for Business Education (ECBE) and AccreditationCouncil for Business Schools and Programs (ACBSP) accreditations for working closely with them as project manager for quality assurance. He trained for business incubation in Turkey and is also proficient with economic models used in finance and business administration.
He also has teaching and research experience in the undergraduate and graduate levels in the Philippines, the Kingdom of Bahrain, and the United Arab Emirates. At present, he teaches Global Economic Analysis and Economic Analysis for Managers and Executives, among others, ni the Graduate School of the Centro Escolar University System. Furthermore, heteaches at thegraduate school ofSt. Mary's Universityin Nueva Vizcaya and the College of Commerce of the University of San Agustin in Iloilo.
He is a graduate of Bachelor of Science in Accountancy (cum laude) at the Pamantasan ng Lungsod ng Maynila, Bachelor of Secondary Education major in Social Sciences (cum laude) at the Arellano University-Manila, Master of Management major in Business Management at the University of the Philippines-Manila, and Doctor of Business Administration at the Lyceum-Northwestern University with a dissertationfocused onfinancial risk management for real estate companies. He is well adept in the function of community engagement and once headed thisdepartment in an international university in the Kingdom of Bahrain.