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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.

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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.

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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.

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