Economic Development
9th Edition

By Michael P. Todaro & Stephen C. Smith
January 2006
Pearson
ISBN: 0321311957
879 pages, Illustrated, 7 ½” x 9”
$99.50 Paper Original

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Todaro and Smith believe that development economics should foster a student’s ability to understand real problems faced by developing countries. Unlike other texts, Economic Development, Ninth Edition, introduces economic models within the context of countries and issues, so that students learn to analyze and engage in ongoing policy debates.

Contents
I. PRINCIPLES AND CONCEPTS.
1. Economics, Institutions, and Development: A Global Perspective.
2. Comparative Development: Differences and Commonalities among Developing Countries.
3. Classic Theories of Economic 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, 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. Political Economy and the Roles of Market, State, and Civil Society in Development.

III. PROBLEMS AND POLICIES: INTERNATIONAL AND MACRO.
12. Trade Theory and Development Experience.
13. The Trade Policy Debate: Export Promotion, Import Substitution, and Economic Integration.
14. Balance of Payments, Developing Country Debt, and Issues in Macroeconomic Stabilization.
15. Foreign Finance, Investment, and Aid: Controversies and Opportunities.
16. Financial Reform and Fiscal Policy.
17. Critical Issues for the Twenty-First Century: Globalization, Technology Transfer, the Environment, Africa, and International Economic Reform.

Features

• Delves into recent debates on globalization and its meaning for developing countries.
• Considers current micro policies, including microcredit, incentives for child schooling, integrated health, education, and income generation programs.
• Examines the political economy of development policymaking and the state, including issues in governance and civil service reform.
• Includes enhanced material on Sen's "capabilities" approach to poverty and the meaning of development.
• Discusses development participation and strategies for making it work better in the field.
• Looks at development insights from the economics of imperfect information and the new institutional economics.
• Explores human capital with complete coverage of both health and education as vital contributions to growth and as key development objectives in their own right.

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