Summary: 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. Edition/Copyright: 9TH 06
Praised for its even, balanced coverage, this text helps students to evaluate issues using the best available cros ...show mores-sectional data, economic theory, and institutional and structural perspectives. Keeping pace with current data and events, the Ninth Edition includes the latest research in development as well as extensive country-specific examples of topics such as transition economics and urban policy.
New To This Edition
- 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.
- Reorganization from four parts to three provides a more streamlined sequencing for economic development courses.
- Fourteen new country case studies target pertinent issues, such as 'Divergent Development: Pakistan and Bangladesh ' and 'Understanding a Development Miracle: China'. Thoroughly updated and revised comparison case studies provide the most current illustrations of policy and its outcomes.
- Chapter 1 contains enhanced coverage of Millennium Development Goals, the new benchmark for major development organizations.
- A new Chapter 2, Comparative Economic Development, thoughtfully combines Chapters 2 and 3 from the previous edition to present a concise discussion of the characteristics of developing countries.
- A new discussion in Chapter 5, Poverty, Inequality, and Development, explores chronic and structural poverty.
- Chapter 9, Agricultural Transformation and Rural Development, presents new research on rural development economics and the green revolution.
- Chapter 11, Political Economy and the Roles of Market, introduces extended coverage of non-governmental organizations and demonstrates how they compare with government and private sectors.
- Chapter 14, Balance of Payments, Developing Country Debt, and Issues of Macroeconomic Stabilization, takes a critical look at the World Bank and the burden of debt.
- The latest data, policy, and events have been integrated throughout the book.
Publisher: Addison-Wesley Longman, Inc.