The third edition of Introduction to Development Economics provides a detailed analysis of the major economic issues confronting less developed countries. Throughout, the author keeps a balance between the theories of economic growth and the realities of economic development. Although the basics remain, the past few years have witnessed changes in emphasis and the rise of new areas of interest.

The new edition takes account of these changes. These include:

Development and the environment

The international debt crisis

Endogenous growth

The impact of foreign aid

Fiscal reforms

Migration

Human capital

Problems of trade liberalization

The book is divided into four sections and is written in a straightforward style. Many new tables have been added to provide up-to-date statistical data, whilst more technical sections have been relegated to appendices.