The economic and social development of the world's poorest countries, and the eradication of poverty, are among the greatest challenges facing the world. This edition of Tony Thirlwall's classic handbook, Development Economics, now co-authored with Penélope Pacheco-López, provides a clear, comprehensive, and thorough introduction to the theory of economic development and the experience of developing countries.

The main points of the new edition include:

• A brand new chapter on human capital: education, nutrition, health, and the role of women in development.
• New material on the Sustainable Development Goals, measuring poverty, and the multidimensional poverty index.
• Discussion on randomized controlled trials.
• The role of structural transformation in economic development.
• New IMF lending facilities.

Being an ideal textbook for students of economics and other social sciences, this edition includes updated statistical research and data, case studies, and website references.