The Process of Economic Development

The Process of Economic Development is a textbook with a story to tell. It discusses development from the colonial era to the present in Latin America, Asia and Africa. Encompassing a blend of classical development ideas and current theory, the book helps students gain the type of balanced picture disallowed them by other textbooks.
A close examination of recent events is integral to the book, with discussions ranging from the environment to the debt crisis, and from export-led industrialization to import substitution, endogenous growth theory and technological capability. Throughout, the authors focus on income distribution, poverty, and social issues and the book has an readable style and format.