Economic Development, 12th edition

Published by Pearson (April 29, 2014) © 2015

  • Michael P. Todaro New York University and The Population Council
  • Stephen D. Smith University of Winnipeg

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For courses on economic development

 

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


Economic Development,Twelfth Edition—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 so students see how theory relates to the problems and prospects of developing countries.

 

Teaching and Learning Experiences


This program presents a better teaching and learning experience–for you and your students.

  • Use the text’s Hallmark Approach to presenting engaging information: Shaped by the authors’ personalities, this approach is backed up with extensive research and travel to provide the best data possible.
  • Teach with strong pedagogy tools: The text reinforces central key concepts by presenting a clear learning path for students.
  • Give students a real-world global perspective: Students are able togain a unique perspective about world issues from two authors who strive to address different sides to problems.

Use the text’s Hallmark Approach to presenting engaging information

  • The Hallmark Approach, shaped by the authors’ personal experience and extensive research:
    • NEW! Updated statistics. Change continues to be very rapid in the developing world. Throughout the text, data and statistics have been updated to reflect the most recent available information at the time of revision, typically 2011 or 2012, sometimes 2013.
    • Teaches economic development within the context of country-specific examples so that theory is demonstrated through real-world issues.
    • Adopts a problem-and policy-oriented presentation to foster students’ ability to understand contemporary economic problems and to reach independent and informed conclusions.
    • Uses the best and most recent available data and the appropriate theoretical tools to illuminate common problems of developing countries.
    • Focuses on a wide range of developing countries, not only as independent nation-states but also in relation to one another and in their interactions with rich nations.

Brief Contents

I. Principles and Concepts

  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

II. Problems and Policies: Domestic

  1. Poverty, Inequality, and Development
  2. Population Growth and Economic Development: Causes, Consequences, and Controversies
  3. Urbanization and Rural-Urban Migration: Theory and Policy
  4. Human Capital: Education and Health in Economic Development
  5. Agricultural Transformation and Rural Development
  6. The Environment and Development
  7. Development Policymaking and the Roles of Market, State, and Civil Society

III. Problems and Policies: International and Macro

  1. International Trade Theory and Development Strategy
  2. Balance of Payments, Debt, Financial Crises, and Stabilization Policies
  3. Foreign Finance, Investment, Aid, and Conflict: Controversies and Opportunities
  4. Finance and Fiscal Policy for Development
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