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Studying Hamiltonian systems with one-degree-of-freedom, Henry Poincaré introduced the notion of bifurcation: Bifurcation theory studies the changes in the phase-space as the parameters of the system vary. Since the times of Poincaré, the research on the theory of bifurcations of dynamical systems has increased dramatically started with Andronov and Pontryagin in 1937; they introduced the notion of rough systems in the plane. This means that any system close to the original one is topologically equivalent to it. The difference of structural stability and roughness is that the conjugating diffeomorphism defining the structural stability is not necessarily ``close'' to the identity. The progress achieved with the bifurcation theory has shown that nonlinear phenomena are ubiquitous in nature, where complicated dynamics already appears in seemingly simple systems. The extension of the theory of two-dimensional rough systems to the multi-dimensional setting leads to the Morse-Smale systems. This book is the second part of a monograph written by four experts in the theory of dynamical systems and is devoted to the bifurcation theory of dynamical systems. For Part I of the book see: (Zbl 0941.34001). The book contains eight chapters, Chapter 7 through Chapter 14. Also it contains an appendix where 87 carefully selected characteristic examples, problems and exercises are presented. Chapter 7 is devoted to the basic definitions of roughness and structural stability. Then the Andronov-Pontryagin theorem is presented together with the general classification of motions due to Birkhoff. Next, they continue to discuss on Morse-Smale systems. In Chapter 8, the authors exhibit the theory of bifurcations of dynamical systems starting with two-dimensional systems of first degree of nonroughness in the sense of Andronov and Leontovich. Intuitively, a system is of first degree of nonroughness if it is structurally stable in the set of structurally unstable systems. The case of finite-parameter families of systems is discussed and special attention is given to versal systems as well as to homoclinic and heteroclinic trajectories. Chapter 9 deals with nonrough or structurally unstable equilibrium states on the stability boundaries, namely with those which have at least one characteristic exponent on the imaginary axis in the complex plane. Critical cases are also discussed by using the Lyapunov values. In Chapter 10, the behavior of dynamical systems on stability boundaries of periodic trajectories is studied, by using the Poincaré map. Here, the authors examine the cases, where only one multiplier lies on the unit circle and is equal to either 1 or \(-1\) as well as the case where a complex conjugate pair of multipliers lies on the unit circle with the latter preparing the reader for the understanding the weak and strong resonance cases. Chapter 11, is devoted to bifurcations which occur near critical points and near fixed-points of the Poincare map. It discusses the case of equilibrium points with one zero exponent, and then for the special values \(+1\), \(-1\), as well as when there are two complex-conjugate characteristic exponents. Special attention is given to the Andronov-Hopf bifurcation and to the birth of an invariant torus. Chapter 12 starts by discussing the bifurcations of a homoclinic loop to a saddle-node equilibrium point. Here, the authors explain the way of creation of an invariant torus when a saddle-note disappears with the variance of a parameter. Also the formation of a Klein bottle and the blue sky catastrophe is presented as in \textit{D. V. Turaev} and \textit{L. P. Shilnikov} [Dokl. Math. 51 No. 3, 404--407 (1995; Zbl 0880.58020); translation from Dokl. Akad. Nauk, Russ. Akad. Nauk 342 No. 5, 596--599 (1995; Zbl 0880.58020)]. In Chapter 13, the book deals with the problem of the birth of a limit cycle from a separatrix loop to a saddle point. In particular, by using an appropriate reduction of the system as in Appendix A of Part I of the present book, the authors state and prove the following significant result: If the divergence of the system at the saddle is negative, then the homoclinic loop is asymptotically one-side stable and if it is positive, then the homoclinic loop is unstable. Next, they discuss the stability of a separatrix loop and bifurcation of a limit cycle from a separatrix loop of a saddle. In Sections 13.4 and 13.5, the authors discuss the birth of periodic trajectories from a homoclinic loop and the behavior of the trajectories near such a loop. In the rest sections of this chapter, the book provides a review of some codimensional-two bifurcations of homoclinic loops and heteroclinic cycles which occur in various models. Special attention is given to the bifurcations of the homoclinic-figure-eight and heteroclinic cycles by recalling some results of the first and third authors as well as to \textit{V. V. Bykov} [Physica D 62 No. 1--4, 290--299 (1993; Zbl 0799.58054)], \textit{M. V. Shashkov}, [Sel. Math. 13, No. 2, 175--182 (1994; Zbl 0925.34057)] and others. The last section contains a brief discussion of safe and dangerous boundaries of stability: Safe is a boundary of stability when crossing it leads to only small quantitative changes of system state. Dangerous is a boundary when arbitrary small perturbations produce significant and irreversible changes in the behavior of the system. The final part of the book is enriched with several nice applications to illustrate the theoretical approach. I think that this is the more instructive section of the two books. The book contains 191 references and an index common to the two parts: Part I and Part II. As in Part I, the authors adapted a free style of presentation by avoiding the more common definition-theorem-proof style. Their aim is to give the intuitive definition and \textit{what is going on} without leaving obvious open questions to the reader. The book is a welcome addition to the classical list of books on bifurcation theory. It is an advanced book, attempting to be more general in the abstract theory of this theory. It is very well written and contains a large number of explanatory footnotes and pictures. As such, it is very instructive even for researchers well initiated in the subject. It is also suitable as a textbook, albeit at an advanced level. Thus, it is a ``must'' for everyone seriously interested in bifurcation theory.