James M. Cypher is Emeritus Research Professor at the Universidad Autónoma de Zacatecas, Mexico, and Emeritus Professor of Economics at California State University, Fresno, USA.

Part 1: An overview of economic development 1. The Development Imperative 2. Measuring economic growth and development 3. Development in historical perspective Part 2: Theories of development and underdevelopment 4. Classical political economy and beyond 5. Developmentalist theories of economic development 6. Heterodox theories of economic development Part 3: The structural transformation 7. The state as a potential agent of transformation: From neoliberalism to embedded autonomy 8. Contemporary perspectives and new strategies for development 9. The initial structural transformation: Initiating the industrialization process 10. Strategy switching and industrial transformation 11. Agriculture and development 12. Population, education, and human capital 13. Technology and development Part 4: Problems and Issues 14. Transnational corporations and economic development 15. Managing the Foreign Account: Balance of payments issues and beyond 16. International institutional linkages: The International Monetary Fund, the World Bank, and foreign aid