The Process of Economic Development

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 in India, new challenges in Latin America, rapid economic progress in Southeast Asia, and the deepening impact of environmental issues such as climate change. This new edition addresses all these critical issues as well as the pivotal role of the state, where China-s capacity is contrasted with that of African states.

Transnational corporations- reliance on low-wage manufacturing and labor arbitrage is featured in the book. Agricultural policy-extensively explored-remains crucial, as does the promotion of industrialization. This fifth edition offers a -state-of-the-art- analysi