A complete, balanced introduction to the theory, issues, and latest research.

Economic Development–the leading textbook in this field–provides readers 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 so readers see how theory relates to the problems and prospects of developing countries.

The eleventh edition offers new sections on the global financial crisis and violent conflict.