Economic Development, - the leading textbook in this field - provides students 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, to see how theory relates to the problems and prospects of developing countries
• Teaches economic development within the context of country-specific examples
• Uses the best and most recent available data
• Focuses on a wide range of developing countries
• Recognizes the necessity of treating the problems of development and underdevelopment from institutional, structural, and market perspectives.
• Views development and underdevelopment in both domestic and international contexts, stressing the increasing interdependence of the world economy.
• Considers the economic, social, and institutional problems
• Country-specific Case Studies at the end of each chapter
• Voices of the Poor boxes give students perspective on the issues faced by citizens in developing and underdeveloped nations
• Essential principles of economics relevant to understanding development problems are highlighted in boldface and are explained in detail
• The material is sufficiently broad in scope and rigorous in coverage
About the Author:
Michael Todaro, Professor of Economics, New York University Stephen C Smith, George Washington University
Contents:
Part One Principles and Concepts 1
1 Introducing Economic Development; A Global Perspective
2 Comparative Economic Development
3 Classic Theories of Economic Growth and Development
4 Contemporary Models of Development and Underdevelopment
Part Two Problems and Policies: Domestic
5 Poverty, Inequality, and Development
6 Population Growth and Economic Development: Causes, Consequences, and Controversies
7 Urbanisation and Rural-Urban Migration: Theory and Policy
8 Human Capital: education and Health in Economic Development
9 Agricultural Transformation and Rural Development
10 The Environment and Development
11 Development Policymaking and the Roles of Market, State, and Civil Society
Part Three
12 International Trade Theory and Development Strategy
13 Balance of Payments, Debt, Financial Crises, and Stabilization Policies
14 Foreign Finance, Investment, Aid and Conflict: Controversies and Opportunities
15 Finance and Fiscal Policy for Development
