The Process of Economic Development  book cover
2nd Edition

The Process of Economic Development

ISBN 9780415254151
Published March 17, 2004 by Routledge
568 Pages

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Book Description

This is a textbook with a story to tell. Discussing development from the colonial era to the present in Latin America, Asia and Africa, authors Cypher and Dietz encompass a blend of classical development ideas and current theory, helping students gain a balanced picture not currently available in other textbooks.

Adopting a truly global approach throughout, the focus in this second edition is on income distribution, poverty, and social issues. Excellent pedagogy including plentiful diagrams, boxes, user-friendly summaries and end of chapter questions help readers understand often complex topics. Integral to the book is a close examination of recent events and broad-ranging discussions of key issues including:

  • the environment 
  • debt crisis
  • export-led industrialization 
  • import substitution
  • endogenous growth theory 
  • technological capability.

Building upon the impressive and popular first edition, Cypher and Dietz have pulled off that rarity in textbook publishing: a book which will leave students with a framework of understanding which will empower them to go on to understand a broad range of ‘North-South’ issues and controversies.

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: 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: 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. Transnational Corporations and Economic Development 15. Macroeconomic Equilibrium: The Internal Balance 16. Macroeconomic Equilibrium: The External Balance 17. The Debt Problem and Development 18. International Institutional Linkages: The IMF, World Bank and Foreign Aid

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James M. Cypher is Professor of Economics at California State University in Fresno, USA. James L. Dietz is Professor of Economics at California State University in Fullerton. , USA.