Overview
The Process of Economic Development is a textbook with a story to tell. It examines development obstacles from the colonial era to the present in Latin America, Asia and Africa. Utilizing a fluid blend of classical development ideas and current theory, the book enables students to gain the type of balanced picture unavailable to them in other textbooks. A close examination of recent events is integral to the book, with discussions ranging from the environment to the debt crisis, and from export-led industrialization to import substitution, endogenous growth theory and technological capability. The authors focus on institutional transformation, income distribution, poverty, peasant agriculture and numerous current socioeconomic issues, and the book has a readable style and format. Plentiful diagrams, boxes and user-friendly summaries, and end of chapter questions help the reader to grasp the many-faceted topics. Building upon the impressive and popular first edition, Cypher and Dietz have accomplished that rarity in textbook publishing: a book which will leave students with a framework of understanding, empowering them to go on to understand a broad range of "North-South" issues and controversies.Synopsis
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.
Booknews
An introductory textbook on economic development that attempts to merge the histories of nations with economic analyses of their development. Emphasizing the legacy of colonialism in the less developed nations, the authors cover early and recent development theory, the structural transformation of industrialization, agricultural development, human skill and potential as related to the introduction of technology, the impact of transnational corporations, and domestic and international macroeconomic policy. Annotation c. by Book News, Inc., Portland, Or.