Leading Issues in Economic Development

Book excerpt: Now in its seventh edition, Leading Issues in Economic Development introduces a new co-author, James E. Rauch. Maintaining the unique structure that the book has established over the last 35 years, Rauch has revised and updated this seventh edition to strengthen the analytical and quantitative dimensions and to clarify contemporary and future problems of development policy. The co-authors integrate the most insightful materials in this wide-ranging field, offering students the opportunity to experience a variety of perspectives while helping them to keep sight of overarching themes. This edition adds two new chapters: "Income Distribution" and "Development and the Environment." It also now consolidates several chapters and increases the number of selections from leading professional journals. In this edition, both the selections and the authors' own overviews, notes, comments, and exhibits make greater use of empirical analysis as well as modern economic theory. In all, Leading Issues in Economic Development provides fresh and serious attention to the interplay between development experience, changing views of economists, and policy.