Economic Development - Stephen C. Smith;Michael P. Todaro

Economic Development is the leading textbook in its field, helping you to understand contemporary economic problems and to reach independent, informed conclusions. It provides a complete and balanced introduction to the theory, driving policy issues, and latest research. A policy-oriented approach presents economic theory in the context of critical policy debates and country-specific case studies, to show how theory relates to the problems and prospects of developing countries.

The 14th Edition has been revised and updated with new evidence, new data, and new policy debates while exploring important issues affecting developing countries across the globe. Graphs and data tables have been updated throughout, with particular focus on internationally comparable sources. Current perspectives are included on how AI and digital transformation interact with human capabilities and human development.