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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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Economic Development, the leading textbook in this field, provides you 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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