The Square Theory of Economic Development

Ivaylo Angelov *

Spanish-American Institute, USA.

*Author to whom correspondence should be addressed.


Economic development is a complex process that involves multiple factors and dimensions. The square theory of economic development proposes that there are five distinct levels that must be addressed in order to foster sustainable economic growth. These levels include natural resources, infrastructure, investment climate, human capital, innovation, and entrepreneurship. This theory provides a framework for policymakers and researchers to better understand the factors that drive economic development to design effective policies and strategies to promote growth.

Keywords: Economic development, economic growth, economics, labor market

How to Cite

Angelov, I. (2023). The Square Theory of Economic Development. South Asian Journal of Social Studies and Economics, 18(1), 30–36.


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