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Macmillan Higher Education Palgrave Higher Education

Economics of Development

Theory and Evidence

Edition 10th Edition
ISBN 9781137577948
Publication Date April 2017
Formats Paperback Ebook 
Publisher Palgrave

This classic, bestselling textbook provides a comprehensive introduction to the field of development economics. The tenth edition of Tony Thirlwall’s book, now co-written with Penélope Pacheco-López, provides a clear, comprehensive and rigorous introduction to the theory of development economics and the experience of developing countries. Balancing a historic approach with current data and references, it provides a wide-ranging analysis of the subject. This all-inclusive methodology succeeds at representing different schools of thought with a balance of micro and macro topics.

An ideal textbook for undergraduate students of economics and other social sciences, it is also suitable for upper undergraduate and master's level modules on development economics as an option on a non-economics degree.

A.P. Thirlwall is Professor of Applied Economics at the University of Kent, UK. He has lectured widely in developing countries and has been a consultant to several international development agencies including the African Development Bank and the Pacific Islands Development Programme in Hawaii. He has written a number of other books in the field of development economics, and is Series Editor of the Great Thinkers in Economics collection published by Palgrave Macmillan.

Penélope Pacheco-López teaches economics at the University of Kent, UK, and has been a Consultant to the United Nations Conference on Trade and Development (UNCTAD), the International Trade Centre, and the United Nations Industrial Development Organization (UNIDO). She is the author with A.P.Thirlwall of Trade Liberalization and the Poverty of Nations.

PART I DEVELOPMENT AND UNDERDEVELOPMENT.- 1. The Study of Economic Development.- 2. The Development Gap and the Measurement of Poverty.- 3. The Characteristics of Underdevelopment and Structural Change.- 4. Theories of Economic Growth: Old and New.- PART II FACTORS IN THE DEVELOPMENT PROCESS.- 5. The Role of Agriculture and Surplus Labour for Industrialisation.- 6. Capital Accumulation, Technical Progress and Techniques of Production.- 7. Human Capital: Education, The Role of Women, Nutrition and Health.- 8. The Role of Institutions in Economic Development.- 9. The Role of the State in Economic Development.- PART III THE PERPETUATION OF UNDERDEVELOPMENT.- 10. Dualism, Centre-Periphery Models and the Process of Cumulative Causation.- 11. Population and Development.- 12. Development and the Environment.- PART IV FINANCING ECONOMIC DEVELOPMENT.- 13. Financing Development from Domestic Resources.- 14. Foreign Assistance, Aid, Debt and Development.- PART V INTERNATIONAL TRADE, THE BALANCE OF PAYMENTS AND DEVELOPMENT.- 15. Trade Theory, Policy and Economic Development.- 16. The Balance of Payments, International Monetary Assistance and Development.


“Successive editions of Tony Thirlwall’s textbook on the economics of development have become classic guides to the subject – comprehensive, clear and dispassionate. This updated edition is again outstanding, an essential contemporary introduction to the topic.” (Frances Stewart, University of Oxford, UK) “The first edition of this classic text was in 1972, now in 2017 we have a tenth edition. No scholarly work survives for almost half a century without continuing to be current, relevant and authoritative; a considerable task in our fast changing world. Edition number 10 does not disappoint, and will continue to be of great value to current generations of students interested in the economics of development. It is stimulating, informative and comprehensive; as with previous editions, it also maintains rigour whilst continuing to be accessible.” (Sir David Greenaway, University of Nottingham, UK) “45 years after its first release the latest edition of this classic textbook is still setting standards. It is an absolute must for all students and lecturers of economic development.” (Ralf Fendel, WHU — Otto Beisheim School of Management, Germany) “A wonderful and accessible textbook that covers, once again, the hot topics of economic development and inequality in its full breadth; from health and population to finance and international trade.” (Joris Knoben, Radboud University, The Netherlands) “Economics of Development is by far the best undergraduate textbook in development economics. The new edition expands coverage of the material to include important and relevant topics such as the Sustainable Development Goals, multidimensional poverty, health and nutrition, microcredit, climate change and randomised control trials, and should be an essential reference for students and scholars alike.” ( Kunal Sen, University of Manchester, UK)
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