Economic Development

Todaro and Smith, Economic Development 11/e

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Accessible theory, relevant policy issues, and the latest data and research

Economic Development, presents the latest thinking in economic development with the clear and comprehensive approach that has been so well received in previous editions.

 

The pace and scope of economic development continues its rapid, uneven, and sometimes-unexpected evolution. This text explains the unprecedented progress that has been made in the developing world but fully confronts the enormous problems and challenges that remain to be addressed in the years ahead. The text shows the wide diversity across the developing world, and the differing positions in the global economy held by developing countries. The principles of development economics are key to understanding how we got to where we are, why many development problems are so difficult to solve, and the design of economic development policy and programs as we look ahead.  [From the preface]

 

 

NEW TO THIS EDITION

 

        Global crises. A major new section of the text addresses the potential longer-term impacts of the global financial crisis on economic development, examining conditions that caused the crisis, its aftermath, and possible broader implications and potential differences across developing nations and regions.

        Violent conflict. The new edition provides an entirely new major section on the causes and consequences of violent conflict, post-conflict recovery and development, and prevention of conflict through an improved understanding of its major causes.

        New case studies. Two new full-length end-of-chapter comparative case studiesare introduced to address current topics and findings, and to broaden geographic coverage.

 

'In attempting the impossible task of covering the empirical diversity of Third World experiences and institutions, trying to keep up with the policy debate, and very important and very difficult, not pushing an ideological line but allowing students to make up their own minds it is streets ahead of all the direct competition I have seen, '

-Paul Mosley University of Sheffield.

'The strengths of the book are that it is comprehensive, well written and accessible to students who dont have an in-depth understanding of formal economics.'

-Matthew Cole Birmingham University. 

This Book has been and still is a classic.

-Arild Angelsen, Agricultural University of  Norway. 

 

(Pearson)

Bli först med att recensera och betygsätt boken Economic Development - du kan vinna 200 kr varje månad i tävlingen "Månadens recension".

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)

I. Principles and Concepts

1. Economics, Institutions, and Development: A Global Perspective
How the Other Half Live
Economics and Development Studies
Economies as Social Systems: The Need to Go Beyond Simple Economics
What Do We Mean by Development?

2. Comparative Economic Development
Defining the Developing World
Measuring Development for Quantitative Comparison across Countries
Some Basic Indicators of Development
Characteristics of the Developing World: Diversity within Commonality
How Low-Income Countries Today Differ from Developed Countries in Their Earlier Stages
Are Living Standards of Developing and Developed Nations Converging?
Long-Run Causes of Comparative Development

3. Classic Theories of Economic Growth and Development
Classic Theories of Economic Development: Four Approaches
Development as Growth and the Linear-Stages Theories
Structural-Change Models
The International-Dependence Revolution
The Neoclassical Counterrevolution: Market Fundamentalism
Classic Theories of Development: Reconciling Differences

4. Contemporary Models of Development and Underdevelopment
Underdevelopment as a Coordination Failure
Multiple Equilibria: A Diagrammatic Approach
Starting Economic Development: The Big Push
Further Problems of Multiple Equilibria
Kremers O-Ring Theory of Economic Development
The Hausmann-Rodrik-Velasco Growth Diagnostics Framework

II. Problems and Policies: Domestic

5. Poverty, Inequality, and Development
Measuring Inequality and Poverty
Poverty, Inequality, and Social Welfare
Absolute Poverty: Extent and Magnitude
Economic Characteristics of Poverty Groups
The Range of Policy Options: Some Basic Considerations
Summary and Conclusions: The Need for a Package of Policies

6. Population Growth and Economic Development: Causes, Consequences, and Controversies
The Basic Issue: Population Growth and the Quality of Life
A Review of Numbers: Population GrowthPast, Present, and Future
The Demographic Transition
The Causes of High Fertility in Developing Countries: The Malthusian and Household Models
The Consequences of High Fertility: Some Conflicting Opinions
Goals and Objectives: Toward a Consensus
Some Policy Approaches

7.  Urbanization and Rural-Urban Migration: Theory and Policy
The Migration and Urbanization Dilemma
The Role of Cities
The Urban Giantism Problem
The Urban Informal Sector
Urban Unemployment
Migration and Development
Toward an Economic Theory of Rural-Urban Migration
Summary and Conclusions: The Shape of a Comprehensive Migration and Employment Strategy

8. Human Capital: Education and Health in Economic Development
The Central Roles of Education and Health
Education and Health as Joint Investments for Development
Improving Health and Educ...

(Pearson)