Economic Development

A complete, balanced introduction to the theory, issues, and latest research.

Economic Developmentthe leading textbook in this fieldprovides readers with a complete and balanced introduction to the requisite theory, driving policy issues, and latest research. Todaro and Smith take a policy-oriented approach, presenting economic theory in the context of critical policy debates and country-specific case studies so readers see how theory relates to the problems and prospects of developing countries.

 

The eleventh edition offers new sections on the global financial crisis and violent conflict. 

 

(Pearson)

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Michael P. Todaro was Professor of Economics at New York University for eighteen years and Senior Associate at the Population Council for thirty years. He lived and taught in Africa for six years. He appears in Who's Who in Economics and Economists of the Twentieth Century. He is also the author of eight books and more than fifty professional articles. In a special February 2011 centenary edition, the American Economic Review selected Todaro's article "Migration, Unemployment and Development: A 2-Sector Analysis" (with J. Harriss) as one of the twenty most important articles published by that journal during the first hundred years of its existence. Stephen C. Smith is Professor of Economics and International Affairs at George Washington University. He received his PhD in economics from Cornell University. Smith is author of Ending Global Poverty: A Guide to What Works, co-editor of NGOs and the Millennium Development Goals: Citizen Action to Reduce Poverty, and author or coauthor of some three dozen journal articles.

(Pearson)

Part 1: Principles and Concepts
Chapter 1: Introducing Economic Development: A Global Perspective
Chapter 2: Comparative Economic Development
Chapter 3: Classic Theories of Economic Growth and Development
Chapter 4: Contemporary Models of Development and Underdevelopment
Part 2: Problems and Policies: Domestic
Chapter 5: Poverty, Inequality, and Development
Chapter 6: Population Growth and Economic Development: Causes, Consequences, and Controversies
Chapter 7: Urbanization and Rural-Urban Migration: Theory and Policy
Chapter 8: Human Capital: Education and Health in Economic Development
Chapter 9: Agricultural Transformation and Rural Development
Chapter 10: The Environment and Development
Chapter 11: Development Policymaking and the Roles of Market, State, and Civil Society
Part 3: Problems and Policies: International and Macro
Chapter 12: International Trade Theory and Development Strategy
Chapter 13: Balance of Payments, Debt, Financial Crises, and Stabilization Policies
Chapter 14: Foreign Finance, Investment, and Aid: Controversies and Opportunities
Chapter 15: Finance and Fiscal Policy for Development

(Pearson)