Tony Thirlwall's bestselling 'Economics of Development' (formerly 'Growth
and Development') provides a clear, comprehensive and analytically rigorous introduction
to development for students of economics.
For the Ninth Edition, the contents have been revised comprehensively and reorganized
to reflect the evolving field.
Highlights of the revision include substantial new material covering:
¦ institutions and development – a new chapter
¦ failed states
¦ the Stern Review and the impact of climate change on the poor
¦ financial development and economic development
¦ the macroeconomic impact of aid, and aid's critics
¦ growth accelerations, growth diagnostics and binding constraints on
growth
¦ the theory and practice of trade liberalization
¦ recent research into global and international income distribution
¦ the technological divide
¦ how markets function in the rural agricultural sector
¦ brief biographical sketches of some famous growth and development economists
A.P. THIRLWALL Professor of Applied Economics, University of
Kent, UK. He has lectured widely in developing countries and has been a consultant to
several international agencies including the African Development Bank, the Asian
Development Bank, the UN Conference on Trade and Development (UNCTAD) and the Pacific
Islands Development Program in Hawaii. He also serves on the editorial board of the
Journal of Development Studies and African Development Review. He has written a
number of specialized economics texts and is Series Editor of Palgrave's Great Thinkers in
Economics collection.
Table of Contents
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 The role of institutions in economic development
5 Theories of economic growth: why growth rates differ between countries
Part II FACTORS IN THE DEVELOPMENT PROCESS
6 The role of agriculture and surplus labour for industrialization
7 Capital accumulation, technical progress and techniques of production
Part III THE PERPETUATION OF UNDERDEVELOPMENT
8 Dualism, centre–periphery models and the process of cumulative causation
9 Population and development
Part IV THE ROLE OF THE STATE, THE ALLOCATION OF RESOURCES, AND SUSTAINABLE
DEVELOPMENT
10 Resource allocation in developing countries, and sustainable development
11 Project appraisal, social cost–benefit analysis and shadow wages
12 Development and the environment
Part V FINANCING ECONOMIC DEVELOPMENT
13 Financing development from domestic resources
14 Foreign assistance, aid, debt and development
Part VI INTERNATIONAL TRADE, THE BALANCE OF PAYMENTS AND DEVELOPMENT
15 Trade theory, trade policy and economic development
16 The balance of payments, international monetary assistance and development
712 pages, Paperback
