What does history of developing countriesI tell us about the shifts that have takenplace in the economic sectors?

What does history of developing countriesI tell us about the shifts th

1.	What does history of developing countriesI tell us about the shifts that have takenplace in the economic sectors?
Answer» Economic developmentis the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. "Modernization, "westernization", and especially "industrialization" are other terms often used while discussing economic development. Economic development has a direct relationship with theenvironmentandenvironmental issues. Economic development is very often confused with industrial development, even in some academic sources.