The most current economic development text on the market, this engaging text includes extensive country-specific examples and up-to-date information. Todaro's broad experience and the text's social-political framework make Economic Development accessible even to those with little economic background. With his unique problem- and policy-oriented approach, Michael Todaro uses models and concepts to illustrate real-world development problems. For the Seventh Edition, all chapters have been revised to incorporate the latest data and research. Particular attention is given to economic dislocations throughout Asia, and in Russia and Brazil. Updated Country Case Studies and Comparative Case Studies allow students to apply concepts to various developing nations. In addition, a new Country Case Study on Indonesia highlights this country's significance in the Asian economic crisis.
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Michael P. Todaro was Professor of Economics at New York University for eighteen years and Senior Associate at the Population Council for thirty 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. Harriss) as one of the twenty most important articles published by that journal during the first hundred years of its existence.
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