Economic Development

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Economic Development is the leading textbook in this field, providing a complete and balanced introduction to the requisite theory, the driving policy issues, and the 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 students see how theory relates to the problems and prospects of developing countries. In the Tenth Edition, the authors integrate new discussions of hot topic research areas such as gender, colonialism, and natural resources, and they update the extensive applications, data, and country-specific case studies throughout. Salient Features The hallmark approach, shaped by the authors’ personal experience and extensive research: Country-specific Case Studies at the end of each chapter reflect and illustrate specific problems discussed in the chapter. Voices of the Poor boxes give students perspective on the issues faced by citizens in developing and underdeveloped nations. Coverage of topics is structured to allow instructors to adapt lecture topics based on their individual course. Essential principles of economics relevant to understanding development problems are highlighted in boldface and are explained in detail where appropriate. The material is sufficiently broad in scope and rigorous in coverage to be used in any undergraduate and some graduate development economics courses. Table of Contents I. Principles and Concepts 1. Economics, Institutions, and Development: A Global Perspective 2. Comparative Economic Development 3. Classic Theories of Economic Growth and Development 4. Contemporary Models of Development and Underdevelopment II. Problems and Policies: Domestic 5. Poverty, Inequality, and Development 6. Population Growth and Economic Development: Causes, Consequences, and Controversies 7. Urbanization 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 III. Problems and Policies: International and Macro 12. International Trade Theory and Development Strategy 13. Balance of Payments, Developing-Country Debt, and the Macroeconomic Stabilization Controversy 14. Foreign Finance, Investment, and Aid: Controversies and Opportunities 15. Finance and Fiscal Policy for Development 16. Some Critical Issues for the Twenty-First Century