The Process of Economic Development  book cover
4th Edition

The Process of Economic Development

ISBN 9780415643283
Published May 29, 2014 by Routledge
736 Pages 34 B/W Illustrations

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Book Description

The fourth edition of The Process of Economic Development offers a thorough and up-to-date treatment 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.

The new edition has been revised and updated throughout, reflecting the most recent developments in research and incorporating the latest empirical data, as well as key theoretical advances. The period since the publication of the third edition of The Process of Economic Development has been a time of immense change in the developing world. The period has seen huge economic growth in China, economic restructuring in India and the continuing impact of environmental issues such as climate change. The fourth edition reflects these developments, as well as including numerous case studies and new material on the following:

  • transnational corporations and labor in export processing zones
  • industrial policy and structural change
  • gender inequality, income distribution and development
  • progress towards the Millennium Development Goals
  • technology and national innovation systems
  • aid and the least developed nations
  • the post debt crisis era and debt relief for Africa.

Cypher’s comprehensive account remains the development economics text par excellence, as it takes a much more practical, hands-on view of the issues facing developing countries than other, overly mathematical texts. This book is unique in its scope and in the detailed attention it gives to the historical contexts that have influenced progress toward development. It is accessibly written both for students of economics and for those with an interest in the many aspects of development studies.

Table of Contents

Introduction  Part I: An Overview of Economic Development  1. The Development Imperative  2. Measuring Economic Growth and Development  3. Development in Historical Perspective  Part II: Theories of Development and Underdevelopment  4. Classical and Neoclassical Theories  5. Developmentalist Theories of Economic Development  6. Heterodox Theories of Economic Development  Part III: 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  10. Strategy Switching and Industrial Policies  11. Agriculture and Development  12. Population, Education and Human Capital  13. Technology and Development  Part IV: Problems and Issues  14. Transnational Corporations and Economic Development  15. Macroeconomic Equilibrium  16. The Debt Problem and Development  17. International Institutional Linkages

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


'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