5th Edition

The Process of Economic Development

By James M. Cypher Copyright 2021
756 Pages 35 B/W Illustrations
by Routledge

756 Pages 35 B/W Illustrations
by Routledge

756 Pages 35 B/W Illustrations
by Routledge

The fifth edition of The Process of Economic Development offers a thorough and up-to-date treatment of development economics. It has been extensively revised throughout, reflecting the most recent developments in research and incorporating the latest empirical data, as well as key theoretical advances and many new topics. The world has seen vast economic growth in China, economic transformation... Read more

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 political economy and beyond

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: From neoliberalism to embedded autonomy

8. Contemporary perspectives 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. Transnational corporations and economic development

15. Managing the Foreign Account: Balance of payments issues and beyond

16. International institutional linkages: The International Monetary Fund, the World Bank, and foreign aid

 

Biography

James M. Cypher is Emeritus Research Professor at the Universidad Autónoma de Zacatecas, Mexico, and Emeritus Professor of Economics at California State University, Fresno, USA.

Praise for the 4th edition:

'The Process of Economic Development has been an excellent text and resource for development studies and economic development students for many years. The new fourth edition of this book continues to provide these important educational services in a relevant and scholarly manner, while effectively keeping up with the evolving research literatures of the field' — Kenneth A. Reinert, George Mason University, USA

Praise for the 5th edition:

'Over the years development texts tend to narrowly focus on the latest fashion of economists which is currently and problematically focused on altering individual behavior through experimental trials. In contrast, James Cypher’s volumes including his 5th edition focus on education not inculcation by drawing on the depth and richness of multiple paradigms and experiences to address the complex challenges of development.' - Howard Stein, Development Economist, Professor, Department of Afroamerican and African Studies, Dept. of Epidemiology, University of Michigan, Ann Arbor