Economics of Development
A dynamic revision of the most modern development economics textbook.
This classic text has been aggressively revised to incorporate the latest research defining the Development Economics field today.
Updated and streamlined
Agriculture remains key to a healthy economy. The Seventh Edition addresses agriculture’s role in growth and poverty alleviation and the institutions needed to create a robust agricultural sector. Several chapters have been heavily revised with new analysis on how economic development happens, the catalysts behind economic growth, the impact of globalization on developing countries, effective trade policies, and how development policies can be made positive and sustainable.
Incorporates the latest research on economic growth and human resources
The Seventh Edition synthesizes the latest economic growth theories with new research on technological change, laws protecting patents and copyright, institutions fostering innovation and invention, government stability, and the rule of law. New study-based policies for lowering population growth rates have also been added. Considering the added and revised chapters of this edition, as well as the five new chapters added to the previous edition, two-thirds of the text has been heavily updated in the past six years.
Authoritative and comprehensive coverage
The authors are all distinguished scholars and practitioners, combining to produce a balanced and authoritative text. New coauthor Steven Block, an esteemed researcher and teacher, brings his expertise in agricultural development to the Seventh Edition.
Part One: Development and Growth
1. Patterns of Development
2. Measuring Economic Growth and Development
3. Economic Growth: Concepts and Patterns
4. Theories of Economic Growth
5. States and Markets
Part Two: Distribution and Human Resources
6. Inequality and Poverty
Part Three: Macroeconomic Policies for Development
10. Investment and Savings
11. Fiscal Policy
12. Financial Development and Inflation
13. Foreign Debt and Financial Crisis
14. Foreign Aid
15. Managing Short-Run Crises in an Open Economy
Part Four: Agriculture, Trade, and Sustainability
16. Agriculture and Development
17. Agricultural Development: Technology, Policies, and Institutions
18. Trade and Development
19. Trade Policy
20. Sustainable Development