Economic Development

Enable clear subject understanding using accessible theory, relevant policy issues, and latest data & research

Economic Development, 13th Edition, by Todaro and Smith is the leading textbook in the field of development economics. It provides students with a complete and balanced introduction to the requisite theory, 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, to show how theory relates to the problems and prospects of developing countries.

New to this edition:

New or thoroughly updated cases at the end of each chapter

New in-depth case study of economic development in India

Expanded, thoroughly updated country cases of China and Brazil

Comparative cases: Burundi and Rwanda; Uganda and Kenya; Mauritius and Botswana

Sustainable Development Goals: New section on goals, progress, and challenges

Climate change: Regional predictions; mitigation, resilience and adaptation policy, part of a full chapter on Environment and Development

Convergence: Perspectives on the 200-year income divergence, plus the recent shift toward (re)convergence

Behavioral Economics: Findings for poverty; physical and mental health

Analysis NGOs and civil society roles, as well as of private and public sector

Inclusive growth diagnostics

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.

Stephen C. Smith is Professor of Economics and International Affairs at George Washington University. He received his PhD in economics from Cornell University. Smith is the author of Ending Global Poverty: A Guide to What Works, co-editor of NGOs and the Millennium Development Goals: Citizen Action to Reduce Poverty, and author or co-author of some three dozen journal articles.

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