The Process of Economic Development

By James M. Cypher, James L. Dietz

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• ISBN: 978-0-415-77104-7
• Binding: Paperback (also available in Hardback)
• Published by: Routledge
• Publication Date: 17th July 2008
• Pages: 640

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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:

• national systems of innovation including information technology in India
• the ongoing impact of globalization
• the continuing programmes of foreign aid across all developing countries.

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, Fullerton, USA.

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