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Economic Development / Edition 6

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Overview

This Best-Selling text retains the unique problem- and policy-oriented approach to development economics found in its earlier editions. Now extensively revised and updated to reflect the latest research and the most recent data, Economic Development, Fifth Edition, is the most comprehensive, current text in its field. This edition features a new chapter linking the environment and development problems; a new chapter describing critical issues for the 1990s including the economic transition taking place in the republics of the former USSR and eastern Europe, the economic crisis in sub-Saharan Africa, and the impact of the globalization of the world economy; eighteen new country-specific case studies - one at the end of each chapter, and four new comparative case studies - one at the end of each part; extensive new analysis on critical topics such as women and development, the new growth theory, the U.N.'s new Human Development Index, macroeconomic instability, the future of the debt problem and how the burden of adjustment has been handled between lenders and borrowers, the implications of emerging new regional trading blocs, and the transformation of multinational corporations into "global factories"; new discussion of market reforms and the role of the state, emerging financial systems and the costs and benefits of market liberalization, and an analysis of the impact of military expenditures on economic development; and a casebook, keyed to the text - written by Stephen C. Smith, George Washington University - is available.
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Product Details

  • ISBN-13: 9780201421873
  • Publisher: Addison-Wesley
  • Publication date: 7/28/1996
  • Edition description: Older Edition
  • Edition number: 6
  • Pages: 738
  • Product dimensions: 7.60 (w) x 9.41 (h) x 1.40 (d)

Meet the Author

Michael P. Todaro was Professor of Economics at New York University for eighteen years and Senior Associate at the Population Council for twenty 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. Harris) as one of the twenty most important articles published by that journal during the first one hundred years of its existence.

Stephen C. Smith is Director of the Institute for International Economic Policy and Professor of Economics and International Affairs at George Washington University. He received his PhD in economics from Cornell University. Smith is 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 coauthor of some three dozen journal articles.

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Table of Contents

Case Studies
Figures
Tables
1 Economics, Institutions, and Development: A Global Perspective 3
2 Diverse Structures and Common Characteristics of Developing Nations 26
3 Theories of Development: A Comparative Analysis 69
4 Historic Growth and Contemporary Development: Lessons and Controversies 104
5 Growth, Poverty, and Income Distribution 137
6 Population Growth and Economic Development: Causes, Consequences, and Controversies 189
7 Unemployment: Issues, Dimensions, and Analyses 235
8 Urbanization and Rural-Urban Migration: Theory and Policy 263
9 Agricultural Transformation and Rural Development 295
10 The Environment and Development 340
11 Education and Development 378
12 Trade Theory and Development Experience 419
13 The Trade Policy Debate: Export Promotion, Import Substitution, and Economic Integration 458
14 Balance of Payments, Third World Debt, and the Macroeconomic Stabilization Controversy 498
15 Foreign Finance, Investment, and Aid: Controversies and Opportunities 533
16 Planning, Markets, and the Role of the State 573
17 Financial Reform and Fiscal Policy 607
18 Critical Issues for the Twenty-first Century: Globalization, the Environment, Economic Transition, Africa, and International Economic Reform 646
Glossary 676
Name Index 728
Subject Index 732
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