A complete, balanced introduction to the theory, issues, and latest research.
Economic Development–the leading textbook in this field–provides readers 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 so readers see how theory relates to the problems and prospects of developing countries.
The eleventh edition offers new sections on the global financial crisis and violent conflict.
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Michael P. Todaro was Professor of Economics at New York University for eighteen years and Senior Associate at the Population Council for thirty years. He lived and taught in Africa for six years. He appears in Who's Who in Economics and Economists of the Twentieth Century. He is also the author of eight books and more than fifty professional articles.
In a special February 2011 centenary edition, the American Economic Review selected Todaro’s article “Migration, Unemployment and Development: A 2-Sector Analysis” (with J. Harriss) as one of the twenty most important articles published by that journal during the first hundred years of its existence.
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