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Economic Development

Economic Development - 9th edition

ISBN13: 978-0321278883

Cover of Economic Development 9TH 06 (ISBN 978-0321278883)
ISBN13: 978-0321278883
ISBN10: 0321278887
Edition: 9TH 06
Copyright: 2006
Publisher: Addison-Wesley Longman, Inc.
Published: 2006
International: No

Other Editions for Economic Development

Economic Development - 9TH 06 edition

ISBN13: 978-0321278883

Michael Todaro and Stephen Smith

ISBN13: 978-0321278883
ISBN10: 0321278887
Edition: 9TH 06
Copyright: 2006
Publisher: Addison-Wesley Longman, Inc.
Published: 2006
International: No

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.

Praised for its even, balanced coverage, this text helps students to evaluate issues using the best available cross-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.


  • 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.

New To This Edition

  • 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.

Table of Contents


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.


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.


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.

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Cover of Economic Development 10th edition