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Development TWELFTH EDITION Michael P. Todaro …

economic Development TWELFTH EDITION Michael P. Todaro New York University Stephen C. Smith The George Washington University PEARSON Harlow, England London New York Boston San Francisco Toronto Sydney Auckland Singapore HongKong Tokyo Seoul Taipei New Delhi CapeTown S o Paulo Mexico City Madrid Amsterdam Munich Paris Milan Brief Contents Part One Principles and Concepts 1 1 Introducing economic Development : A Global Perspective 2 2 Comparative economic Development 40 3 Classic Theories of economic Growth and Development 118 4 Contemporary Models of Development and Underdevelopment 164 Part Two Problems and Policies.

4.5 Michael Kremer's O-Ring Theory of Economic Development 187 The O-Ring Model 187 Implications of the O-Ring Theory 190 4.6 Economic Development as Self-Discovery 192 4.7 The Hausmann-Rodrik-Velasco Growth Diagnostics Framework 193 4.8 Conclusions 197 • Case Study 4: Understanding a Development Miracle: China 200

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Development TWELFTH EDITION Michael P. …

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Economic Development TWELFTH EDITION Michael P. Todaro New York University Stephen C. Smith The George Washington University PEARSON Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney

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