Development and Underdevelopment: The Political Economy of Global Inequality, 4th edition

		ISBN: 978-1-58826-584-5 $26.50
	2008/437 pages

This new edition of Development and Underdevelopment retains the strongest contributions of the previous three editions, but includes 12 new chapters that reflect the many seminal contributions made to the field in recent years. There are also two new sections: one addressing the historical origins of the gap between rich and poor countries, and one focusing on how globalization has affected the gap between countries and between the rich and poor within countries.

The editors' short introduction to each selection, highlighting its significance, remains a key feature of the book.

• Preface
• The Dual Gaps: An Overview of Theory and Research—M..A. Seligson.
• IS THERE A GAP BETWEEN RICH AND POOR COUNTRIES?
• Characteristics of the Income Gap Between Countries—J.T Passé-Smith.
• The Rising Inequality of World Income Distribution—R.H. Wade.
• Empirics of World Income Inequality—G. Firebaugh.
• Assessing Contending Measures of the Income Gap—J.T Passé-Smith.
• THE HISTORICAL ORIGINS OF THE GAP.
• The World Economy: A Millennial Perspective—A. Maddison.
• Why Did Human History Unfold Differently on Different Continents for the last 13,000 Years?—J. Diamond.
• Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development—D. Rodrik, A. Subramanian, and F. Trebbi.
• The Colonial Origins of Comparative Development: An Empirical Investigation—D. Acemoglu, S. Johnson, and J.A. Robinson.
• The Great Escape: The Industrial Revolution in Theory and in History—G. Clark
• THE OTHER GAP: DOMESTIC INCOME INEQUALITY
• Economic Growth and Income Inequality—S. Kuznets.
• Should Equity Be a Goal of Economic Policy?—IMF Fiscal Affairs Department.
• Inequality and Insurgency—E.N. Muller and M.A. Seligson.
• THE CLASSIC THESIS: CONVERGENCE OR DIVERGENCE?
• The Five Stages of Growth—W.W. Rostow.
• Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show—W.J. Baumol.
• Productivity Growth, Convergence, and Welfare: Comment—J.B. De Long.
• CULTURE AND DEVELOPMENT.
• The Achievement Motive in Economic Growth—D.C. McClelland.
• Underdevelopment Is a State of Mind—L.E. Harrison.
• The Confucian Ethic and Economic Growth—H. Kahn.
• The Effect of Cultural Values on Economic Development: Theory, Hypotheses, and Some Empirical Tests—J. Granato, R. Inglehart, and D. Leblang.
• DEPENDENCY AND WORLD SYSTEMS THEORY: STILL RELEVANT?
• The Development of Underdevelopment—A.G. Frank.
• American Penetration and Canadian Development: A Case Study of Mature Dependency—H-J. Hammer and J.W. Gartrell.
• The Irish Case of Dependency: An Exception to the Exception?—D. O'Hern.
• Transnational Corporations in World Development: Still the Same Harmful Effects in an Increasingly Globalized World Economy?—M. Herkenrath and V. Bornschier.
• THE ROLE OF INSTITUTIONS.
• Big Bills Left on the Sidewalk—M. Olson Jr.
• Mauritius: A Case Study—A. Subramanian.
• Urban Bias and Inequality—M. Lipton.
• Political Regimes and Economic Growth—A. Przeworski and F. Limongi.
• Inequality as a Constraint on Growth in Latin America—N. Birdsall and R. Sabot.
• THE IMPACT OF GLOBALIZATION.
• Globalisation—A. Giddens.
• Globalization and Inequality—B. Milanovic
• The New Wave of Globalization and Its Economic Effects—A World Bank Research Report.
• CONCLUSION.
• Inequality in a Global Perspective: Directions for Further Research—M.A. Seligson.
• Appendix:  Basic Indicators of the Gaps Between Rich and Poor Countries.