The importance of this book lies in its unique treatment of the economics of the developing countries. Emphasis is placed on the theoretical foundation of new theories and empirical models of development. A number of new topics are added in regard to the migration of labor force due to globalization, the relationship between private and public sectors, problems of regulations of the private sectors, problems of labor management in the era of globalization and transfer of organizational systems by the multinational companies from one country to another across cultural boundaries. Along with these new treatments of traditional topics such as population planning and monetary-fiscal policy, gender issues are included as well. The approach throughout is analytical, based on either theoretical or empirical models of the economy.

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