Specifically designed for students of economics taking a course in development economics with a background knowledge of micro and macro economics, this textbook is written in a simple but rigorous way that also makes it accessible to policy makers and all those concerned with the process of economic development in the Third World. In this extensively revised seventh edition, all statistics have been updated and new institutional material has been added. In addition there are new sections on the meaning and consequences of globalization, the World Bank's approach to tackling poverty, the impact of aid, trade liberalization and growth, and exchange rates for developing countries.
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Reviews: 'Very useful overview. Good breadth of topics, and useful depth for BA and MA students.' - Dr TAS Bowyer-Bower, University of London, School of Oriental and African Studies
'There are several textbooks on development, but none of them can match Thirlwall's in-depth discussion of major development issues, grounded in economic theory.' - Professor V.N. Balasubramanyam, Professor of Development Economics, Lancaster University
'This text is the best available introduction to development economics...The revised edition, like its predecessors, will be widely read and consulted.' - Professor Christopher Colclough, Institute of Development Studies, University of Sussex
'...it is still the best available development economics textbook for economics undergraduates.' - Professor Norman Gemmell, Professor of Development Economics, University of Nottingham
Contents: Preface to the Sixth Edition
GNP Per Capita Map of the World
PART ONE: DEVELOPMENT AND UNDERDEVELOPMENT
The Study of Economic Development
The Development Gap and the Measurement of Poverty
The Characteristics of Underdevelopment and Structural Change
Theories of Economic Growth: Why Growth Rates Differ Between Countries
PART TWO: FACTORS IN THE DEVELOPMENT PROCESS
Land, Labour and Agriculture
Capital and Technical Progress
PART THREE: OBSTACLES TO DEVELOPMENT
Dualism, Centre-Periphery Models and the Process of Cumulative Causation
Population and Development
PART FOUR: THE ROLE OF THE STATE, THE ALLOCATION OF RESOURCES, SUSTAINABLE DEVELOPMENT AND THE CHOICE OF TECHNIQUES
Resource Allocation in Developing Countries: The Market Mechanism and the Role of the State
Project Appraisal, Social Cost-Benefit Analysis and Shadow Wages
Development and the Environment
The Choice of Techniques
Input-Output Analysis
PART FIVE: FINANCING ECONOMIC DEVELOPMENT
Financing Development from Domestic Resources
Foreign Assistance, Debt and Development
PART SIX: INTERNATIONAL TRADE, THE BALANCE-OF-PAYMENTS AND DEVELOPMENT
Trade and Development
The Balance-of-Payments, International Monetary Assistance and Development
References and Further Reading
Author Index
Subject Index
TONY THIRLWALL is Professor of Applied Economics at the University of Kent at Canterbury, UK.
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