Includes bibliographical references and index.

COVER -- TABLE OF CONTENTS -- FIGURES -- TABLES -- FOREWORD -- PREFACE -- INTRODUCTION -- 1.1 CLASSICAL DEVELOPMENT ECONOMICS AND CAPITALIST ECONOMIC DEVELOPMENT -- 1.2 THE BREAKDOWN OF THE FIRST GLOBAL CAPITALIST SYSTEM AND NEOCLASSICAL DEVELOPMENT ECONOMICS -- 1.3 A RETURN TO CLASSICAL DEVELOPMENT ECONOMICS -- 1.4 THE SCIENTIFIC APPROACH TO DEVELOPMENT ECONOMICS -- Key Terms and Review -- Further Reading -- QUESTIONS -- Notes -- PART I Geography and Microeconomic Mechanisms for Economic Development -- GEOGRAPHY AND ECONOMIC DEVELOPMENT 2 -- 2.1 UNEVEN ECONOMIC DEVELOPMENT IN DIFFERENT PARTS OF THE WORLD -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 2.2 GEOGRAPHY AND DIVISION OF LABOR -- 2.3 EMPIRICAL LINKAGES OF GEOGRAPHY AND ECONOMIC DEVELOPMENT -- 2.3.1 Geographical correlates of economic development -- 2.3.2 Geography and levels of per capita income -- 2.3.3 Geography and growth of per capita income -- 2.3.4 Geographical effects on economic policy choices -- Key Terms and Review -- Further Reading -- QUESTIONS -- Notes -- DRIVING FORCE I ... EXOGENOUS COMPARATIVE ADVANTAGE AND TRADING EFFICIENCY 3 -- 3.1 USE OF THE CONCEPT OF GENERAL EQUILIBRIUM TO FIGURE OUT MECHANISMS FOR ECONOMIC DEVELOPMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 3.2 A RICARDIAN MODEL WITH EXOGENOUS COMPARATIVE TECHNOLOGICAL ADVANTAGE AND TRANSACTION COSTS -- 3.3 ANALYSIS OF DECISIONS VERSUS EQUILIBRIUM ANALYSIS OF DEVELOPMENT -- 3.4 PER CAPITA REAL INCOME, GDP, GNP, AND PPP -- 3.5 ECONOMIC DEVELOPMENT AND TRADE POLICY -- 3.6 COMPARATIVE ENDOWMENT ADVANTAGE AND TRANSACTION EFFICIENCY -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- DRIVING FORCE II ... ENDOGENOUS COMPARATIVE ADVANTAGE AND TRADING EFFICIENCY 4 -- 4.1 ENDOGENOUS VERSUS EXOGENOUS COMPARATIVE ADVANTAGES -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 4.2 CONFIGURATIONS AND CORNER SOLUTIONS IN A SMITHIAN MODEL -- 4.3 HOW THE MARKET COORDINATES DIVISION OF LABOR TO UTILIZE NETWORK EFFECTS AND PROMOTE ECONOMIC DEVELOPMENT -- 4.4 MORE EXAMPLES -- 4.5 PATTERN OF TRADE -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- DRIVING FORCE III ... ECONOMIES OF SCALE AND TRADING EFFICIENCY 5 -- 5.1 ECONOMIES OF SCALE AND ECONOMIC DEVELOPMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 5.2 GENERAL EQUILIBRIUM MODELS OF ECONOMIC DEVELOPMENT WITH TRADE-OFFS BETWEEN ECONOMIES OF SCALE, CONSUMPTION VARIETY, AND TRANSACTION COSTS -- 5.3 THE ETHIER MODEL WITH TRANSACTION COSTS -- 5.4 THE MURPHY ... SHLEIFER ... VISHNY (MSV) MODEL OF BIG-PUSH INDUSTRIALIZATION -- 5.5 THE SACHS AND YANG MODEL WITH ECONOMIES OF SCALE, ENDOGENOUS DEGREE OF INDUSTRIALIZATION, AND TRANSACTION COSTS -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- Notes -- 6 COEXISTENCE OF ENDOGENOUS AND EXOGENOUS COMPARATIVE ADVANTAGES AND PATTERNS OF DEVELOPMENT AND TRADE -- 6.1 UNDERDEVELOPMENT AND A DUAL STRUCTURE WITH UNDEREMPLOYMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 6.2 A SMITHIAN MODEL WITH A DUAL STRUCTURE IN THE TRANSITIONAL STAGE OF ECONOMIC DEVELOPMENT -- 6.3 GENERAL EQUILIBRIUM AND ITS INFRAMARGINAL COMPARATIVE STATICS -- 6.4 TRADE PATTERN IN THE PRE.

This innovative new book from Xiaokai Yang introduces students to development economics through the lens of inframarginal and marginal analyses, and shows how this way of thinking has influenced a shift back to classical economic theory within the field of economic development. Yang offers a thorough analysis of trade and macroeconomics not to be found in comparable works, and focuses on institutional and transaction cost issues of critical interest to development economists.

Print version record.