The evolution of idea of socio-economic development
The evolution of idea of socio-economic development

Summary/Abstract: Motivation: The way of understanding of development concept in economics has been changing since the beginning of the discipline: from economic growth, through economic development to socio-economic development. The author of the paper believes that it is important to indicate features of socio-cultural context that shape understanding of this phenomenon. It will make it possible to explain why and how the understanding of devel-opment in economics has changed and appropriately understand definitions of this process that are proposed by contemporary researchers. Aim: The purpose of the paper is to reconstruct features of socio-cultural context in which it has changed the way of understanding of development concept in economics. Results: Division of economic development and economic growth took place in 1960s. Change of understanding of development concept was caused by the following factors: (1) influence of new sociological and philosophical ideas, (2) historical events (mainly the Sec-ond World War and decolonisation process), (3) growing meaning of formalism and scien-tism in economic considerations, (4) appearance of mechanistic ideas in economics, (5) international cooperation for development that allows to formulate preferred development goals.

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