Economic development

Process and policies to improve economic well-being

Follow Economic development on Notably News to receive short updates to your email — rarely!

We include updates on Least developed countries, Developing country, Banana republic, Sweatshop, Tennessee Valley Authority, Industrialisation, Great Divergence, Mass production, Microfinance, Newly industrialized country, Kudumbashree, Gwadar Port, Deindustrialization, REC Limited, Khadi and Village Industries Commission, Social business ... and more.

2025
Gwadar Port
Planned completion of first phase of Gwadar Special Economic Zone, with manufacturing and processing industries to be developed.
April 16 2025
Trillion dollar club
Switzerland projected to potentially join the trillion dollar club of economies in the current economic analysis
April 10 2025
Department of Economy, Planning and Development
Ferdinand Marcos Jr. signed the Economy, Planning, and Development Act (Republic Act No. 12145), transforming the agency into a full-fledged executive department. The law was set to take effect 15 days after its first publication in the Official Gazette or a newspaper of general circulation.
2025 IDB President Ilan Goldfajn announced the intention to increase financing capacity by an additional $130 billion over a decade.
April 2025 The IPA was superseded by the National Infrastructure and Service Transformation Authority (NISTA), marking the end of its operations after approximately nine years of service.
April 2025 NISTA to be established as a joint unit of the Treasury and Cabinet Office, with Darren Jones as the responsible minister.
March 23 2025
China Development Forum
The annual China Development Summit Forum 2025 was held in Beijing, organized by the Development Research Center of the State Council and hosted by the China Development Research Foundation. The forum's theme focused on 'Comprehensively Unleashing the Dynamic Energy of Development and Promoting Stable Growth of the Global Economy'.
2025
Urbanization in China
China's goal to urbanize 250 million citizens as part of a long-term green modernization plan.
2025 With Donald Trump's election, the proposed Department of Government Efficiency (DOGE) targets the Southern Crescent Regional Commission for potential elimination from the federal budget.
2025
UNDP South Africa
UNDP South Africa aims to complete a just transition to a low-carbon society and improve resilience of vulnerable communities to climate change effects by this year.
2025
Trillion dollar club
India is projected to join the trillion-dollar club, marking a significant economic achievement for the country.
January 1 2025 Roy Cooper left office as Governor of North Carolina.
2024 A recapitalization and new, pro-mobilization business model for IDB Invest was approved.
2024
Kudumbashree
During the Wayanad landslides, Kudumbashree contributed Rs 20,60,25,388 to the Chief Minister's Distress Relief Fund (CMDRF) and prepared Micro Plans for those affected, working closely with the Wayanad District Administration to support disaster recovery.
2024 By this year, eight countries had graduated from the Least Developed Countries list, indicating progress in socioeconomic development.
2024 Rwanda, Uganda, and Tanzania met the LDC graduation criteria for the first time.
2024
Transition town
Psychological work related to Transition Network's inner transformation continued, focusing on emotional adaptation to a low-energy world and community resilience.
December 2024 São Tomé and Príncipe graduated from Least Developed Country status.
December 31 2024
Urbanization in China
China reaches an urban population rate of 67%, demonstrating significant progress in national urbanization efforts since the reform policy's introduction.
December 1 2024 China eliminates tariffs for goods imported from 33 African least developed countries and 10 non-African least developed countries with which it has diplomatic relations, including Yemen, Kiribati, Solomon Islands, Afghanistan, Bangladesh, Cambodia, Laos, Myanmar, Nepal, and East Timor.
October 2024 Sir John Armitt's chairmanship extended by six months to oversee development of a 10-year strategy and NISTA's creation.
June 2024 North Carolina Democratic Governor Roy Cooper was appointed to serve as state co-chair of the Southeast Crescent Regional Commission.
May 2024
Transition town
As of May, the Transition Towns movement had 992 registered groups and 21 established hubs, continuing its global expansion and community-driven approach to sustainability.
May 2024 The Labour Party announced plans to merge the IPA with the National Infrastructure Commission, creating the National Infrastructure and Service Transformation Authority (NISTA).
March 24 2024
China Development Forum
The China Development Forum 2024 was held in Beijing from March 24 to March 25, with the theme 'The Continuous Development of China'.
2023 Provided emergency response after the Turkey–Syria earthquake.
2023 IDB Invest had a 'record year', with total activity surpassing $10 billion, including $5.3 billion in mobilized resources from private investors.
2023 SNV achieved a significant financial milestone, realizing €163.3M in revenue, demonstrating the organization's growth and impact in international development.
2023
China Development Forum
Premier Li Qiang attended the forum, focusing on building foreign investment confidence by emphasizing China's commitment to continued openness.
2023
Urbanization in China
Urban population reaches 66.16%, indicating ongoing urban growth and demographic transformation.
2023
Urbanization in China
Chinese state portrays urbanization of rural people as crucial for building a more equitable society and improving the relationship between society and the environment.
2023
Trillion dollar club
Turkey achieved trillion-dollar GDP status, highlighting its economic growth and resilience.
2023
Trillion dollar club
The United States became part of the 'trillion dollar club', representing major economies with significant economic scale and global economic influence.
2023
Trillion dollar club
France joined the Trillion Dollar Club, indicating its substantial economic standing and reaching the trillion-dollar economic threshold.
December 2023 Bhutan graduated from Least Developed Country status.
December 2023 Angola's graduation was further postponed without a specific timeline due to economic difficulties and commodity dependence.
November 2023 On the occasion of SSSVV's tenth anniversary, the Sri Sathya Sai Central Trust signed a memorandum of understanding with NCERT-CIET to share its educational expertise with government school teachers nationwide.
October 2023 The National Infrastructure Commission published its second National Infrastructure Assessment, continuing its role of providing strategic recommendations for the UK's long-term infrastructure development.
October 2023 Michèle Dix is appointed to the National Infrastructure Commission.
September 4 2023 Established the Private Economy Development Bureau to monitor the country's private economy and establish regular communication with private businesses.
September 1 2023 REC Limited was included in the Morgan Stanley Capital International (MSCI) Global Standard Index, marking a significant milestone in the company's global recognition.
June 2023 SSSIHMS, Prasanthigram was awarded recognition by the Andhra Pradesh Government for outstanding clean and green initiatives, including comprehensive environmental and sustainability efforts such as energy conservation, solar power generation, water conservation, and waste management.
March 17 2023
Kudumbashree
Silver Jubilee Celebrations of Kudumbashree were inaugurated by Droupadi Murmu, the President of India, at Thiruvananthapuram.
March 12 2023 Zheng Shanjie becomes the current Chairperson of the National Development and Reform Commission under Premier Li Qiang.
March 5 2023 Second part of the Fifth UN Conference on Least Developed Countries (LDC-V) convened in Doha, Qatar, concluding the international meeting on developmental strategies for least developed countries.
January 2023 Julia Prescot is appointed deputy chair of the National Infrastructure Commission, a role she will serve through January 2027.
2022
Special economic zones of China
A study in the American Economic Journal found that Chinese SEZs led to increased human capital investment and improved educational outcomes.
2022
Special economic zones of China
Special economic zones in China reached a significant economic milestone, with a total population of 17.68 million people, generating a GDP of 3.24 trillion yuan and producing 4.5 trillion yuan in gross industrial output.

We are only showing the most recent entries for this topic.

This contents of the box above is based on material from the Wikipedia articles Transition town, National Development and Reform Commission, Malteser International, Inter-American Development Bank, SNV Netherlands Development Organisation, Southeast Crescent Regional Commission, UNDP South Africa, Kudumbashree, National Infrastructure Commission, Trillion dollar club (macroeconomics), Infrastructure and Projects Authority, Gwadar Port, Department of Economy, Planning and Development, Special economic zones of China, Least developed countries, REC Limited, Sri Sathya Sai Central Trust, ACORN International, China Development Forum & Urbanization in China, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also