It was possible in this Journal more than a decade ago to attempt a fairly comprehensive assessment of contemporary development literature.1 That review article referred to a number of emerging themes, associated with such major figures as Prebisch, Myrdal, Hirschmann, Nurske, Singer, Perroux, de Bernis, and others, including relations between the centre and the periphery, ‘backwash’ effects, regional cooperation, growth points, balanced and unbalanced growth, linkage effects, and the strategy for industrialisation. These themes continue to be discussed during the 1970s, and if there seem to be fewer new ‘concepts’ there has been a significant shift in emphasis. The sheer number of works written, more and more by those with first-hand knowledge of the developing world, now demands a highly selective approach. But equally important it is appropriate to concentrate mainly on those recent publications which dwell upon the major topics being debated by Third-World leaders and economists. Accordingly the present article reviews a selection of the literature which has appeared during the last five or six years concerned with two important interrelated areas: (i) growth, equality, and employment, including rural development, and (ii) the transfer and development of technology.