Economics of Development

Theory and Evidence, ninth edition

by A.P. Thirlwall

Tony Thirlwall’s bestselling Economics of 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