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Economic Development, 12th edition

Published by Pearson (July 14, 2021) © 2015

  • Michael P. Todaro New York University and The Population Council
  • Stephen D. Smith University of Winnipeg
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Economic Development provides a balanced introduction to the theory, policy issues and latest research in the field. The authors present economic theory in the context of critical policy debates and country-specific case studies to show how theory is relevant to the problems and prospects of developing countries.

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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