- Series: The Pearson Series in Economics
- Paperback: 860 pages
- Publisher: Trans-Atlantic Publications; 12 edition (January 24, 2014)
- Language: English
- ISBN-10: 1292002972
- ISBN-13: 978-1292002972
- Product Dimensions: 8 x 1.5 x 10 inches
- Shipping Weight: 2.8 pounds (View shipping rates and policies)
- Average Customer Review: 37 customer reviews
- Amazon Best Sellers Rank: #196,856 in Books (See Top 100 in Books)
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Economic Development, 12th edition (The Pearson Series in Economics) 12th Edition
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From the Back Cover
Accessible theory, relevant policy issues, and the latest data and research, in the context of a thorough introduction to the developing world.
Economic Development, - the leading textbook in this field - provides students 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, to see how theory relates to the problems and prospects of developing countries.
New to this edition
· Findings Boxes – new intuitive introductions to important recent research
· Global Crisis – up-to-date challenges and opportunities for developing countries
· Policy Analysis and case studies – review great progress in many developing countries, plus big challenges such as violent conflict and climate change; insights from comparative case studies such as Costa Rica, Guatemala and Honduras.
Top customer reviews
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"Urbanization rates increase whenever urban population growth exceeds rural population growth. The positive association between urbanization and per capita income is one of the most obvious and striking "stylized facts" or the development process. Urbanization rates increase whenever urban population growth exceeds rural population growth."
As you can see, the first and third sentences are exactly the same. The entire book appears to be written with this degree of attention to detail. Paragraphs frequently describe intricacies of theories or topics without introducing what the topic IS until the last sentence in the paragraph. It's a basic tenant of writing that you progress from broad to narrow--describe the overarching topic in general terms and progress to the more narrow explanations. The topics discussed are actually worth learning but unless this book is rewritten to be more clear, concise, and organized, you're better off looking elsewhere.
Michael Todaro writes from a left-of-center perspective and is more ideological than most textbook writers. However, he presents other points of view and presents them pretty fairly in my opinion. And I have to say that he scores some pretty big points against the neoclassical theorists by showing that their assumptions are frequently at odds with reality.
While some of Todaro's more stridently ideological statements can be annoying, I know of no other book that provides such a comprehensive, well organized, and engagingly written introduction to economic development.