"This textbook provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues. It has grown out of thirty years' experience of teaching undergraduate and post-graduate students in the United States, Japan, and the other parts of Asia. The treatment is global, although the organizing principle is the East Asian development experience. Quantitative characteristics of Third World development in terms of population growth, natural resources depletion, capital accumulation, and technological change are outlined; but the central approach is comparative institutional analysis."--BOOK JACKET.