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 introduces economic models within the context of countries and issues, so that students learn to analyze and engage in the ongoing policy debates. Praised for its even, balanced coverage, the 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. - Reorganization from four parts to three provides a more streamlined sequencing for economic development courses. - All 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. major development organizations. - New research on rural development economics and the green revolution in Chapter 9. - Extended coverage of non-governmental organizations and how they compare with government and private sectors in Chapter 11, Political Economy and the Roles of Market. - Chapter 14 takes a critical look at the World Bank and the burden of debt.
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How Developing Countries Today Differ from Developed
1 Components of Economic Growth
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agricultural Amartya Sen areas Asia Bangladesh basic benefits Botswana Brazil capita income capital Chapter China costs debt devel developing countries developing nations developing world Development Economics Development Report distribution domestic economic development economic growth effective employment environmental example export factors farm fertility firms foreign global growth rates higher Human Development important incentives increase India industrial inequality institutions investment Kenya labor land Latin America less levels loans Lorenz curve major ment migration million neoclassical NGOs nomic opment output Oxford University Press Pakistan policies political poor population growth poverty line problems production programs reform regions relatively result role rural sector social South Korea strategy structure sub-Saharan Africa Taiwan theory tion trade U.S. dollars United Nations urban velopment wage women workers World Bank World Development York