Since the second edition of this text was published in 1999, both the field of development economics and developing economies themselves have undergone substantial change. Agenor and Montiel have added considerable new material to this third edition, most notably dealing with issues that have risen to prominence in the last decade. . . . This comprehensive treatment of development from a macroeconomic perspective is an indispensable reference for graduate students and faculty. -- Choice Since its first edition, the book has remained the definitive text on the macroeconomics of developing countries. In this third edition, the authors try to cover the latest advances in this rapidly changing field, making the book the most comprehensive source on the subject. -- Abstracts of Public Administration, Development, and Environment For students and teachers of money and finance in economic development, the revised edition is even more comprehensive and inclusive. While maintaining high standards of analytical rigor, the authors model a surprising wide range of tough macroeconomic problems--including the more recent Mexican and East Asian currency crises ... an invaluable treatise.
