Economic Development, Eighth Edition offers a unique policy-oriented approach that uses models and concepts to illustrate real-world development problems. Retaining its hallmark accessibility throughout, the new edition of this best-selling text uses the most current data, offering full coverage of recent advances in the field, and featuring a balanced presentation of opposing viewpoints on today's major policy debates. The authors, Michael P. Todaro, a Senior Associate at the Population Council, New York, and Stephen C. Smith, Professor of Economics at George Washington University, have streamlined this edition and have included coverage of new and critical topics. The text contains extensive country-specific examples, with particular attention given to economic dislocations throughout Asia, Russia, and Brazil and updated Country Case Studies and Comparative Case Studies that allow students to apply concepts to specific developing nations. Features of Economic Development, Eighth Edition Reviewer Praise for Economic Development, Eighth Edition Features of Economic Development, Eighth Edition: A new Chapter 5 on recent theories of development, including in-depth coverage of coordination failure problems and multiple equilibria. A new Chapter 9 on human capital, with complete coverage of both health (featuring coverage of AIDS and other critical problems) and education as providing vital contributions to growth and as key development objectives in their own right. Thoroughly updated country and comparative case studies. Extensively expanded and updated Chapter 6 on poverty and inequality. Coverage of recent debates on globalization and its meaning for developing countries. Updated material on urban policy and the emerging role of cities in development. Coverage of current micro policies, including microcredit; incentives for child schooling; and integrated health, education, and income generation programs. Inclusion of new thinking on finance and development, such as recent debates on the role of stock markets. Section on the political economy of development policymaking and the state, including issues in governance and civil service reform. Coverage of Sen's 'capabilities' approach to poverty and the meaning of development. Section on development participation and strategies for making it work better in the field. Development insights from the economics of imperfect information and the new institutional economics. Coverage of transition countries that are now classified as developing and their unique development problems. Back to Top Reviewer Praise for Economic Development, Eighth Edition: "The Economic Development textbook by Todaro integrates economic theory with country case studies, which are drawn from the many parts of the world. This is a classic textbook with a modern approach...I highly recommend this book." -Seid Hassan, Murray State University "I am particularly excited about the additions to the development theory...I believe that the new Chapters 4 and 5 will be a valuable resource to students." -Julia Paxton, Ohio University "I have used Todaro's Economic Development year after year. It is an excellent text that serves the needs of a diverse group of students majoring in business, economics, and other fields." -Dejhane Hosni, University of Central Florida "My overall impression is one of great admiration. Economic Development is a magnum opus in every sense." -Michael Tribe, University of Bradford Back to Top © Copyright 2003 Addison-Wesley Higher Education Group, a division of Pearson Education, a Pearson plc company. All rights reserved. Legal disclaimer. E-mail webmaster@awl.com