Extensively revised to reflect the new directions in development thought and policy, this new edition of a classic text examines what has been learned theoretically and empirically about agricultural and rural economic development since the 1950s.

With 24 of the 35 chapters completely new, the book takes into account recent developments in international agricultural development, especially as these affected the role of the state, markets, and other institutions in development. The authors address three basic questions about agricultural development in low- and middle-income...