The Process of Economic Development

By James M. Cypher, James L. Dietz

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• ISBN: 978-0-415-25415-1
• Binding: Hardback (also available in Paperback)
• Published by: Routledge
• Publication Date: 22nd January 2004
• Pages: 568
• Illustrations: 27 line drawings and 54 tables

About the Book

This is a textbook with a story to tell. Discussing development from the colonial era to the present in Latin America, Asia and Africa, authors Cypher and Dietz encompass a blend of classical development ideas and current theory, helping students gain a balanced picture not currently available in other textbooks.

Adopting a truly global approach throughout, the focus in this second edition is on income distribution, poverty, and social issues. Excellent pedagogy including plentiful diagrams, boxes, user-friendly summaries and end of chapter questions help readers understand often complex topics. Integral to the book is a close examination of recent events and broad-ranging discussions of key issues including:

• the environment
• debt crisis
• export-led industrialization
• import substitution
• endogenous growth theory
• technological capability.

Building upon the impressive and popular first edition, Cypher and Dietz have pulled off that rarity in textbook publishing: a book which will leave students with a framework of understanding which will empower them to go on to understand a broad range of ‘North-South’ issues and controversies.

Table of Contents

Part 1: An Overview of Economic Development 1. The Development Imperative 2. Measuring Economic Growth and Development 3. Development in Historical Perspective Part 2: Theories of Development and Underdevelopment 4. Classical and Neoclassical Theories 5. Developmentalist Theories of Economic Development 6. Heterodox Theories of Economic Development Part 3: 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: The Industrialization Process 10. Strategy Switching and Industrial Transformation 11. Agriculture and Development 12. Population, Education and Human Capital 13. Technology and Development Part 4: Problems and Issues 14. Transnational Corporations and Economic Development 15. Macroeconomic Equilibrium: The Internal Balance 16. Macroeconomic Equilibrium: The External Balance 17. The Debt Problem and Development 18. International Institutional Linkages: The IMF, World Bank and Foreign Aid

About the Author(s)

James M. Cypher is Professor of Economics at California State University in Fresno, USA. James L. Dietz is Professor of Economics at California State University in Fullerton. , USA.

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