The Process of Economic Development

The third edition of The Process of Economic Development offers a thorough and up-to-date presentation 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. Each subject area in this vast, inter-disciplinary field has been thoroughly re-analyzed in light of current published material in specialized journals, books, and United Nations, World Bank and International Monetary Fund publications. Much has happened in the developing world since the appearance of the second edition in 2002. The period has seen remarkable growth rates in countries such as China and India, the accession of a number of post-communist economies to the European Union, the financial crisis in Argentina and continuing desperate poverty in many African countries. This third edition reflects these developments and includes new material on the following: national systems of innovation, including information technology in India the ongoing impact of globalization the continuing programmes of foreign aid across all developing countries. Cypher and Dietz's text is the development economics text par excellence as it takes a much more practical, hands-on view of the issues facing developing countries than its overly mathematical rivals. It will appeal to all those studying this important subject area.James M. Cypher is the author of 'The Process of Economic Development', published 2008 under ISBN 9780415771030 and ISBN 041577103X.