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cover of The Process of Economic Development 3rd edition

The Process of Economic Development 3rd edition

By James M. Cypher, James L. Dietz

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About the Book

The third edition of The Process of Economic Development offers a thorough and up-to-date presentation of development economics. This landmark text will continue to be an invaluable resource for students, teachers and researchers in the fields of development economics and development studies.

Much has happened in the developing world since the appearance of the second edition in 2002. The period has seen remarkable growth rates in countries such as China and India, the accession of a number of post-communist economies to the European Union, financial crisis in Argentina and continuing desperate poverty in many African countries. This third edition reflects these developments and includes new material on the following:

Cypher and Dietz's text is the development economics text par excellence as it takes a much more practical, hands-on view of the issues facing developing countries than its overly mathematical rivals. It will appeal to all those studying this important subject area.

Table of Contents

Part 1: An Overview of Economic Development, 1. The Development Imperative, 2. Measuring Economic Growth and Development, 3. Development in Historical Perspective, Part 2: Theories of Development and Underdevelopment, 4. Classical and Neoclassical Theories, 5. Developmentalist Theories of Economic Development, 6. Heterodox Theories of Economic Development, Part 3: The Structural Transformation, 7. The state as a Potential Agent of Transformation, 8. Endogenous Growth Theories and New Strategies for Development, 9. The Initial Structural Transformation: Initiating the Industrialization Process, 10. Strategy Switching And Industrial Transformation, 11. Agriculture and Development, 12. Population, Education and Human Capital, 13. Technology and Development, Part 4: Problems and Issues, 14. Multinational Corporations and Economic Development, 15. Macroeconomic Equilibrium: The External Balance, 16. The Debt Problem and Development, 17. International Institutional Linkages: The International Monetary Fund, the World Bank, and Foreign Aid

About the Author(s)

James M. Cypher is Research Professor, Doctoral Program in Development Studies, Universidad Autónoma de Zacatecas, Mexico.

James L. Dietz is Professor at the Department of Economics at California State University, Fresno USA.