Economic Development, 13th edition

Published by Pearson (December 6, 2022) © 2023

  • Michael P. Todaro New York University and The Population Council
  • Stephen D. Smith University of Winnipeg
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The leading textbook in this field

Economic Development provides your 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 show how theory relates to the problems and prospects of developing countries.

  • 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
  • 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
  • 12 International Trade Theory and Development Strategy
  • 13 Balance of Payments, Debt, Financial Crises, and Sustainable Recovery: Cases and Policies
  • 14 Foreign Finance, Investment, Aid, and Conflict: Controversies and Opportunities
  • 15 Finance and Fiscal Policy for Development

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