For over thirty years this classic text has offered students a comprehensive overview of the economic aspects of growth and development which is clearly written without sacrificing rigour. The focus is on macroeconomic issues with unique chapters on the history of economic thought, project appraisal and input-output analysis and extensive material on growth theory and the growth process in developing countries. Mini case examples and numerous statistics support the theory, while discussion questions and weblinks encourage student reflection.
'The strengths of Growth and Development lie in its substantive underlying theoretical and empirical economic discussion supported by the copious use of recent and informative statistical data...Thirlwall's Growth and Development is by far the most useful [text] for theory-driven applied economic analysis and data.' - Journal of Development Studies
'Thirlwall is one of the leading British textbooks...The topics included are covered in a way that is useful for students - some history, some data, just enough theoretical material and discussion of evidence and policy.' - Journal of International Development
'Arguably the leading textbook in the field, it has long been considered essential reading for undergraduates and graduates specializing in development economics or development studies...it is written in refreshingly easy and straightforward prose, laced with useful graphs, formulae and statistics. Its elegant and rigorous style also makes it particularly useful to professional economists working on developing economies as well as policy-makers and all those concerned with the process of economic development in low-income countries.' - African Development Review
'This new edition of Thirlwall's classic textbook provides an excellent and insightful survey of the main theoretical models and empirical findings concerning the economic development of poor countries, and should be at the top of the reading lists of all courses on economic development.' - Frances Stewart, Professor of Development Economics, University of Oxford, UK
'A thoroughly updated new edition of this influential and widely used development text is essential reading for students specialising in development economics.' - Valpy Fitzgerald, Reader in International Economics and Finance, University of Oxford, UK
'Thirlwall's text has deservedly been the standard reference for an entire generation of Development Economics students. A new edition is always welcome and this one will help sustain the book's leading position.' - David Greenaway, Professor of Economics, Director, Leverhulme Centre for Research on Globalisation and Economic Policy
'With its clarity of exposition and depth of coverage, Growth and Development has justifiably become the leading text in development economics. This new edition, which includes an extended discussion on topics such as globalisation, debt and trade, fair trade and the World Trade Organisation and a chapter-by-chapter weblink, has certainly confirmed this position.' - John McCombie, Director, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge, UK
'The strengths of Growth and Development lie in its substantive underlying theoretical and empirical economic discussion supported by the copious use of recent and informative statistical data...Thirlwall's Growth and Development is by far the most useful [text] for theory-driven applied economic analysis and data.' - Journal of Development Studies
'Thirlwall is one of the leading British textbooks...The topics included are covered in a way that is useful for students - some history, some data, just enough theoretical material and discussion of evidence and policy.' - Journal of International Development
'Arguably the leading textbook in the field, it has long been considered essential reading for undergraduates and graduates specializing in development economics or development studies...it is written in refreshingly easy and straightforward prose, laced with useful graphs, formulae and statistics. Its elegant and rigorous style also makes it particularly useful to professional economists working on developing economies as well as policy-makers and all those concerned with the process of economic development in low-income countries.' - African Development Review
Preface
PART 1: DEVELOPMENT AND UNDERDEVELOPMENT
The Study of Economic Development
The Development Gap and the Measurement of Poverty
The Characteristics of Underdevelopment and Structural Change
Theories of Economic Growth: Why Growth Rates Differ Between Countries
PART 2: FACTORS IN THE DEVELOPMENT PROCESS
Land, Labour and Agriculture
Capital and Technical Progress
PART 3: OBSTACLES TO DEVELOPMENT
Dualism, Centre-Periphery Models and the Process of Cumulative Causation
Population and Development
PART 4: THE ROLE OF THE STATE, THE ALLOCATION OF RESOURCES, SUSTAINABLE DEVELOPMENT AND CHOICE OF TECHNIQUES
Resource Allocation in Developing Countries: The Market Mechanism and the Role of the State
Project Appraisal, Social Cost-Benefit Analysis and Shadow Wages
Development and the Environment
The Choice of Techniques
Input-Output Analysis
PART 5: FINANCING ECONOMIC DEVELOPMENT
Financing Development from Domestic Resources
Foreign Assistance, Debt and Development
PART 6: INTERNATIONAL TRADE, THE BALANCE OF PAYMENTS AND DEVELOPMENT
Trade and Development
The Balance of Payments, International Monetary Assistance and Development
References and Further Reading
Index
A. P. THIRLWALL is Professor of Applied Economics at the University of Kent, UK. He is on the editorial board of the Journal of Development Studies and the African Development Review. He has lectured around the world and is a consultant for organizations such as the African Development Bank and the UN Conference on Trade and Development (UNCTD). Author of a number of economics texts and Series Editor of Palgrave's forthcoming History of Economic Thought collection.
Description
For over thirty years this classic text has offered students a comprehensive overview of the economic aspects of growth and development which is clearly written without sacrificing rigour. The focus is on macroeconomic issues with unique chapters on the history of economic thought, project appraisal and input-output analysis and extensive material on growth theory and the growth process in developing countries. Mini case examples and numerous statistics support the theory, while discussion questions and weblinks encourage student reflection.
Reviews
'The strengths of Growth and Development lie in its substantive underlying theoretical and empirical economic discussion supported by the copious use of recent and informative statistical data...Thirlwall's Growth and Development is by far the most useful [text] for theory-driven applied economic analysis and data.' - Journal of Development Studies
'Thirlwall is one of the leading British textbooks...The topics included are covered in a way that is useful for students - some history, some data, just enough theoretical material and discussion of evidence and policy.' - Journal of International Development
'Arguably the leading textbook in the field, it has long been considered essential reading for undergraduates and graduates specializing in development economics or development studies...it is written in refreshingly easy and straightforward prose, laced with useful graphs, formulae and statistics. Its elegant and rigorous style also makes it particularly useful to professional economists working on developing economies as well as policy-makers and all those concerned with the process of economic development in low-income countries.' - African Development Review
'This new edition of Thirlwall's classic textbook provides an excellent and insightful survey of the main theoretical models and empirical findings concerning the economic development of poor countries, and should be at the top of the reading lists of all courses on economic development.' - Frances Stewart, Professor of Development Economics, University of Oxford, UK
'A thoroughly updated new edition of this influential and widely used development text is essential reading for students specialising in development economics.' - Valpy Fitzgerald, Reader in International Economics and Finance, University of Oxford, UK
'Thirlwall's text has deservedly been the standard reference for an entire generation of Development Economics students. A new edition is always welcome and this one will help sustain the book's leading position.' - David Greenaway, Professor of Economics, Director, Leverhulme Centre for Research on Globalisation and Economic Policy
'With its clarity of exposition and depth of coverage, Growth and Development has justifiably become the leading text in development economics. This new edition, which includes an extended discussion on topics such as globalisation, debt and trade, fair trade and the World Trade Organisation and a chapter-by-chapter weblink, has certainly confirmed this position.' - John McCombie, Director, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge, UK
'The strengths of Growth and Development lie in its substantive underlying theoretical and empirical economic discussion supported by the copious use of recent and informative statistical data...Thirlwall's Growth and Development is by far the most useful [text] for theory-driven applied economic analysis and data.' - Journal of Development Studies
'Thirlwall is one of the leading British textbooks...The topics included are covered in a way that is useful for students - some history, some data, just enough theoretical material and discussion of evidence and policy.' - Journal of International Development
'Arguably the leading textbook in the field, it has long been considered essential reading for undergraduates and graduates specializing in development economics or development studies...it is written in refreshingly easy and straightforward prose, laced with useful graphs, formulae and statistics. Its elegant and rigorous style also makes it particularly useful to professional economists working on developing economies as well as policy-makers and all those concerned with the process of economic development in low-income countries.' - African Development Review
Contents
Preface
PART 1: DEVELOPMENT AND UNDERDEVELOPMENT
The Study of Economic Development
The Development Gap and the Measurement of Poverty
The Characteristics of Underdevelopment and Structural Change
Theories of Economic Growth: Why Growth Rates Differ Between Countries
PART 2: FACTORS IN THE DEVELOPMENT PROCESS
Land, Labour and Agriculture
Capital and Technical Progress
PART 3: OBSTACLES TO DEVELOPMENT
Dualism, Centre-Periphery Models and the Process of Cumulative Causation
Population and Development
PART 4: THE ROLE OF THE STATE, THE ALLOCATION OF RESOURCES, SUSTAINABLE DEVELOPMENT AND CHOICE OF TECHNIQUES
Resource Allocation in Developing Countries: The Market Mechanism and the Role of the State
Project Appraisal, Social Cost-Benefit Analysis and Shadow Wages
Development and the Environment
The Choice of Techniques
Input-Output Analysis
PART 5: FINANCING ECONOMIC DEVELOPMENT
Financing Development from Domestic Resources
Foreign Assistance, Debt and Development
PART 6: INTERNATIONAL TRADE, THE BALANCE OF PAYMENTS AND DEVELOPMENT
Trade and Development
The Balance of Payments, International Monetary Assistance and Development
References and Further Reading
Index
Authors
A. P. THIRLWALL is Professor of Applied Economics at the University of Kent, UK. He is on the editorial board of the Journal of Development Studies and the African Development Review. He has lectured around the world and is a consultant for organizations such as the African Development Bank and the UN Conference on Trade and Development (UNCTD). Author of a number of economics texts and Series Editor of Palgrave's forthcoming History of Economic Thought collection.
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