A comprehensive and systematic account of the core topics in development economics, this book examines the reasons why a few countries have achieved a high level of affluence while the majority remain poor and stagnant. It represents an original combination of classical political economy, modern institutional theory, and current development issues, bound together through the East Asian development experience. This fully revised second edition also analyzes some recent changes and newly emerged problems relevant to the global economy.
An alternate main reference for Development Economics course under Prof. Kiyoshi Taniguchi (Ohio State 2001), Spring Term 2004, International Development Program, International University of Japan.