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Economic Development, 12th edition (The Pearson Series in Economics)

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For courses on economic development
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.
Product details
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:
3.8 out of 5 stars
38 customer reviews
Amazon Best Sellers Rank:
#197,705 in Books (See Top 100 in Books)
The greatest problem facing economists today (I should say "facing the world today") is how to create wealth in the poorest countries of the world. This introduction to the subject is accessible to any reader, even those with very limited previous knowledge of economics. The book begins with a critical summary of current development theories and then takes on a number of policy questions, with case studies. Each chapter ends with discussion questions and the publisher maintains a web site with useful quantitative and graphing exercises (with answers).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.
I am by no means specialist in economics, but I think this book offers quite good overview about economic issues in the development of poor countries. The growth models may be a little confusing to someone as beginner as I am, but overall the book offers good information about various issues. This is the best advantage of the book: it doesn't handle only with economics, but takes a more comprehensive view about the development of land, including health, gender, population issues etc. Especially I found important that the book talks a lot about the environmental issues also. However, I wouldn't be so uncritical concerning the assumption about the possibility of ever-continuing economic growth because of the major environmental threats our planet is now facing. There could be more concern for ecological limits. Still, this book is good introduction to these issues - even for such a fresh beginner in economics as I am. I warmly recommend.
This book is disorganized and difficult to read. The writing is strikingly similar to that of a college student who recently discovered the thesaurus. The graphs are explained in long, drawn-out paragraphs that make it difficult to jump back and forth between the figure and the explanation to determine what the author is talking about. They are also frequently written on different pages than where the graph appears. These portions of the book should take the format of a math textbook but the explanations of graph variables are instead strung out in a jumbled, lengthy paragraph that makes your eyes glaze over. This is a quote from chapter 7:"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.
I love this book. Lot of detail about economic development. Also, need it for my class.
Great book if you're wanting to do learn about how economies develop, the various factors that influence different societies and approaches to make the world better off. Book itself came in "fair" condition to say the least. You get what you pay for though.
This was a good text book; one of my favorites due principally to the topic. So many common issues of the developing world can be explained by the study of this discipline. I refer to this book from time to time for ideas on problem solving in my work.
Todaros's text on the complexities a developing country must face and consider to lead itself out of poverty and backwardness gets better with every edition, now on its sixth. It is the only book I have found that, with unsurpasssed dexterity, combines economics, sociology and political science into a unifying frame that should be required reading for policymakers and government throughout the developing world. His writing style, clarity of exposition and long-term vision are absolutely second to none.
My book was a used one, and it was very apparent that it was when I grabbed my book and the entire middle started to fall out. I would’ve returned for my money back if I hadn’t needed the book right away.
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