Economic development / Michael P. Todaro, Stephen C. Smith

Preface.. Case Studies.. I. Principles and Concepts.. 1. Economics, Institutions, and Development: A Global Perspective.. How the Other Half Live.. Economics and Development Studies.. Economies as Social Systems: The Need to Go Beyond Simple Economics.. What Do We Mean by Development?.. 2. Comparative Economic Development.. Defining the Developing World.. Measuring Development for Quantitative Comparison across Countries.. Some Basic Indicators of Development.. Characteristics of the Developing World: Diversity within Commonality.. How Low-Income Countries Today Differ from Developed Countries in Their Earlier Stages.. Are Living Standards of Developing and Developed Nations Converging?.. Long-Run Causes of Comparative Development.. Conclusion.. 3. Classic Theories of Economic Growth and Development.. Classic Theories of Economic Development: Four Approaches.. Development as Growth and the Linear-Stages Theories.. Structural-Change Models.. The International-Dependence Revolution.. The Neoclassical Counterrevolution: Market Fundamentalism.. Classic Theories of Development: Reconciling Differences

Economic Development is the leading textbook in this field, providing a complete and balanced introduction to the requisite theory, the driving policy issues, and the 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. In the Tenth Edition, the authors integrate new discussions of hot topic research areas such as gender, colonialism, and natural resources, and they update the extensive applications, data, and country-specific case studies throughout. eng