Economic Development, - 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, to see how theory relates to the problems and prospects of developing countries
Features• Teaches economic development within the context of country-specific examples
• Uses the best and most recent available data
• Focuses on a wide range of developing countries
• Recognizes the necessity of treating the problems of development and underdevelopment from institutional, structural and market perspectives.
• Views development and underdevelopment in both domestic and international contexts, stressing the increasing interdependence of the world economy.
• Considers the economic, social and institutional problems
• Country-specific Case Studies at the end of each chapter
• Voices of the Poor boxes give students perspective on the issues faced by citizens in developing and underdeveloped nations
• Essential principles of economics relevant to understanding development problems are highlighted in boldface and are explained in detail
• The material is sufficiently broad in scope and rigorous in coverage