Economic development / Michael P. Todaro, Stephen C. Smith.

Includes bibliographical references and index.

1. Economics, institutions, and development : a global perspective -- 2. Comparative development : differences and commonalities among developing countries -- 3. Classic theories of economic development -- 4. Contemporary models of development and underdevelopment -- 5. Poverty, inequality, and development -- 6. Population growth and economic development : causes, consequences, and controversies -- 7. Urbanization and rural-urban migration : theory and policy -- 8. Human capital : education and health in economic development -- 9. Agricultural transformation and rural development -- 10. The environment and development -- 11. Development policymaking and the roles of market, state, and civil society -- 12. Trade theory and development experience -- 13. The trade policy debate : export promotion, import substitution, and economic integration -- 14. Balance of payments, developing-country debt, and the macroeconomic stabilization controversy -- 15. Foreign finance, investment, and aid : controversies and opportunities -- 16. Finance and fiscal policy for development -- 17. Some critical issues for the twenty-first century.

What are the sources of economic development and long-term growth? Why are less developed countries poor, and what can they do about it? What is the role of foreign aid and fiscal policy in promoting development, and how might current systems be improved? Todaro and Smith pose these questions and then combine a problem-solving, policy-oriented approach with numerous case studies to teach students to evaluate current policies and issues.