Book DescriptionThis book provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues It addresses one basic question: Why has a small set of countries achieved a high level of affluence while the majority remains poor and stagnant? озъфц This fully revised and updated third edition also incorporates analyses of several recent changes and newly emerged problems relevant to the global economy.  Franzon2005 г ISBN 0199272719.