Superior Development
Exchanges (2 of 2)
Point Count Chess, NO. 132A to NO. 132B, p187
Nimzowitsch v. Capablanca, 1927
In this example, both sides lose Tempos when Exchanging Pieces  the critical difference is the number of turns each side takes to make the trade; the more moves it takes, the more Tempos are wasted when the Piece is exchanged off the board.
This can lead to one falling behind in the Tally of Developed Pieces, which would give the opponent the Superior Development.
Exchanges (2 of 2)
My Analysis
Position #1, My Analysis
PCC, p.187, No. 132A, after 9...b6
After: 1.c4 Nf6 2.Nf3 e6 3.d4 d5 4.e3 Be7 5.Nbd2 OO 6.Bd3 c5 7.dxc5 Na6 8.OO Nxc5 9.Be2 b6
The following is a movebymove account, showing how Exchanges affect the Tally of Developed Pieces, and as a result, the battle for Superior Development ...
Exchanges (affect the Tally of Developed Pieces), After: 1.c4 Nf6
Exchanges (affect the Tally of Developed Pieces)
After: 1.c4 Nf6 
Black immediately develops a Piece, adding one unit to the Tally, and taking an early lead over White, who chose to develop a Pawn. 
Exchanges (affect the Tally of Developed Pieces), After: 2.Nf3 e6
Exchanges (affect the Tally of Developed Pieces)
After: 2.Nf3 e6 
White draws level in the Tally, developing a Piece, while Black just moved a Pawn. 
Exchanges (affect the Tally of Developed Pieces), After: 3.d4 d5
Exchanges (affect the Tally of Developed Pieces)
After: 3.d4 d5 
Both sides develop Pawns, which doesn't affect the Tally. 
Exchanges (affect the Tally of Developed Pieces), After: 4.e3 Be7
Exchanges (affect the Tally of Developed Pieces)
After: 4.e3 Be7 
Black moves his back into the lead, developing a Piece, in response to White, who moved another Pawn. 
Exchanges (affect the Tally of Developed Pieces), After: 5.Nbd2 OO
Exchanges (affect the Tally of Developed Pieces)
After: 5.Nbd2 OO 
Both sides make new developing moves  White's Queen Knight is developed (5.Nbd2); while H&MS consider the act of Castling to add to one's Tally, so Black adds one Tempo, to maintain his overall lead in development (of Pieces). 
Note: Although the Rook is involved in Castling, I've only highlighted the King, as it's easier to count the developing moves, in the diagram. In any case, even though two Pieces are moved, Castling only counts as one Tempo.
Exchanges (affect the Tally of Developed Pieces), After: 6.Bd3 c5
Exchanges (affect the Tally of Developed Pieces)
After: 6.Bd3 c5 
White pulls level in the Tally, as he develops a Pieces (6.Bf1d3), whereas Black just moved a Pawn. 
Exchanges (affect the Tally of Developed Pieces), After: 7.dxc5 Na6
Exchanges (affect the Tally of Developed Pieces)
After: 7.dxc5 Na6 
White's dPawn captures Black's cPawn, which doesn't affect the Tally. However, Black developing his Queen Knight, does affect the Tally, sending him back into the overall lead in the development of Pieces. 
Exchanges (affect the Tally of Developed Pieces), After: 8.OO Nxc5
Exchanges (affect the Tally of Developed Pieces)
After: 8.OO Nxc5 
White Castles, which adds to his Tally. But, Black moves his Queen Knight for a second time, which loses the Tempo gained from its first move (7...Nc8a6). This allows White to pull level, in the Tally. 
Exchanges (affect the Tally of Developed Pieces), After: 9.Be2 b6
Exchanges (affect the Tally of Developed Pieces)
After: 9.Be2 b6 
Now it's White who has just lost a Tempo (6.Bf1d3), by moving his lightBishop, for a second time, rather than developing a new Piece. 
The example continues below image No. 132B, where both sides lose Tempos, for Exchanging Pieces ...
Position #2, My Analysis
PCC, p.187, No. 132B, after 16...Rfd8
After: 10.cxd5 Nxd5 11.Nb3 Bb7 12.Nxc5 Bxc5 13.Qa4 Qf6 14.Ba6 Bxa6 15.Qxa6 Nb4 16.Qe2 Rfd8
Exchanges (affects Tally of Developed Pieces), After: 10.cxd5 Nxd5
Exchanges (affect the Tally of Developed Pieces)
After: 10.cxd5 Nxd5 
No change in the Tally, for either side, but for different reasons  White develops a Pawn, not a Piece; Black moves his King Knight, which had already been developed, so loses the Tempo it had originally gained (1...Ng8f6). 
Exchanges (affect the Tally of Developed Pieces), After: 11.Nb3 Bb7
Exchanges (affect the Tally of Developed Pieces)
After: 11.Nb3 Bb7 
White loses the Tempo his Queen Knight originally gained (5.Nb1d2), as he moves it again. 
Exchanges (affects Tally of Developed Pieces), After: 12.Nxc5 Bxc5
Exchanges (affect the Tally of Developed Pieces)
After: 12.Nxc5 Bxc5 
The first Exchange of Pieces ... 
Exchanges (affect the Tally of Developed Pieces), After: 13.Qa4 Qf6
Exchanges (affect the Tally of Developed Pieces)
After: 13.Qa4 Qf6 
Both sides develop their Queens, adding one Tempo each to their respective Tallies. 
Exchanges (affects Tally of Developed Pieces), After: 14.Ba6 Bxa6
Exchanges (affect the Tally of Developed Pieces)
After: 14.Ba6 Bxa6 
The second Exchange of Pieces takes place over two moves ... 
We'll look at the outcome, and how both sides have been affected, after the next move (following the capture of Black's lightBishop, below).
Exchanges (affects Tally of Developed Pieces), After: 15.Qxa6 Nb4
Exchanges (affect the Tally of Developed Pieces)
After: 15.Qxa6 Nb4 

We can see that all previous Tempos have effectively been wiped from the Tally. But, it's White who comes out worse, having taken three turns to make the exchange (6.Bf1d3, 9.Bd3e2 & 14.Be2a6), versus Black, who only took two turns to exchange on a6 (11...Bc8b7 & 14...Bb7xa6).
Both sides then move Pieces that had already been developed once before  White's Queen moves again, to complete the exchange on a6; Black's King Knight comes across to attack White's Queen, which has consequences for White's development Tally, on his next move ...
Exchanges (affect the Tally of Developed Pieces), After: 16.Qe2 Rfd8
Exchanges (affect the Tally of Developed Pieces)
After: 16.Qe2 Rfd8 

White is forced to move his Queen to safety, but that loses another Tempo. To compound things even more, Black develops his King Rook, to a strong position, not only taking a two Tempo lead in development, but ending up with the advantage of Controlling a Useful Open File (dfile), with his Rook.
PGN