Growth and Development: With Special Reference to Developing Economies

This widely used textbook is specifically designed for students of economics who are taking a course in development economics with a background knowledge of microeconomics and macroeconomics. It is written in a simple but rigorous way that also makes it accessible to policy-makers and all those concerned with the process of economic development in the third world. In this extensively revised seventh edition, all statistics have been updated and new institutional material has been added. In addition, there are new sections on globalisation; the World Bank's approach to tackling poverty; trade liberalisation and growth; and exchange rate systems for developing countries.