The Square Theory of Economic Development
Issue: 2023 - Volume 18 [Issue 1]
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
World Bank. Infrastructure and economic growth; 2018.
United Nations Conference on Trade and Development. World Investment Report 2016: Investor Nationality: Policy Challenges; 2016. Available:https://unctad.org/system/files/official-document/wir2016_en.pdf
Inter-American Development Bank. Infrastructure and Productivity in Latin America: A Conceptual Framework and New Evidence; 2016. Available:https://publications.iadb.org/publications/english/document/Infrastructure-and-Productivity-in-Latin-America-A-Conceptual-Framework-and-New-Evidence.pdf
Deloitte. The economic benefits of investing in infrastructure; 2018.
World Economic Forum. The Global Competitiveness Report 2019.